Gold today ranged from $1582 to $1603 as leaders in Europe agreed to lend Spain up to $125B.
However, investors are worried if the bailout package for Spain is enough to stem the evolving crisis in Europe.
This weekend Elections in Greece will shed further light on the future of the country regarding its membership in the European Union.
Gold continues to hold above its bottom but has yet to show any follow through to the upside.
The mining equities were down today. GDX lost 1.5% GDXJ declined 2.5% and SIL lost 2.6%.