SHIFTING GOLD: Gold rose slightly after a loan for Spain did little to alleviate concerns about a long-term solution to Europe’s financial crisis. Gold initially topped $1,600 an ounce but ended at $1,596.80 an ounce, which was up $5.40 from Friday.
EUROPEAN FOCUS: Attention is shifting to an upcoming election in Greece that could determine whether it will remain in the euro currency union. The outcome could affect global economic growth.
INDUSTRIAL GAINS: Industrial metals rose after China’s exports jumped 15.3 percent in May from May 2011. The numbers are important because China is a huge importer of commodities.
