Gold tumbles through $1,600 to lowest level in four months

While the single currency has been resilient in the face of the ongoing eurozone crisis, signs of strain - sparked by the growing belief among investors that Greece will now be forced to exit the euro - are finally having an impact. The euro was down 0.5% at $1.2986 yesterday, while the US dollar also strengthened against other currencies, including the pound, after Greece's ministers failed to agree a new coalition. The new fear among investors is anti-austerity groups will play a part in any coalition government, resulting in Greece reneging on plans to cut its deficit and leading t...