CL
Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8% as Greece's rejection of debt bailout terms and China's stock market woes set off an extending spiral of losses. Meanwhile, U.S. Secretary of State John Kerry said he is unsure if a final nuclear agreement with Iran can be reached by Tuesday's deadline, as difficult issues remain in discussions with the Gulf state. In addition, Iran is pushing for comprehensive arms sanctions to be lifted by the United Nations in exchange for reaching an accord.
GOLD
Gold prices swung between small gains and losses on Monday, as investors digested a resounding No vote in the historic Greek referendum that could further complicate tense, deliberate negotiations with international creditors. In Athens, officials from the Greek bank association said banks nationwide will remain closed through at least Wednesday as the nation awaits a decision on whether it will receive further liquidity assistance from the ECB. Deposits from ATMs throughout Greece will remain capped at €60 per day, officials added. Euro zone leaders were expected to hold a conference on Tuesday night to discuss the aftermath of the Greek referendum.
