Gold futures rose Monday, as stocks tumbled on Wall Street and the dollar index gained sharply, up 0.99 percent.
Gold prices added $32.70 or 2.1 percent to reach $1,655 per troy ounce on the Comex division of the New York Stock Exchange.
Silver futures also rose, adding 24 cents to $30.32 per ounce, up 0.79 percent.
Oil prices went south, losing $2.50 to $76.64 per barrel with concerns over default in Greece casting a shadow of doubt over equity markets.
The euro fell to $1.3187 from Friday's $1.3387. Against the yen, the dollar fell to 76.64 yen from Friday's 77.04 yen.
The dollar rose against all other major currencies, as equities remained unattractive with Greece announcing it would not hit a key financial target set by the European Union and the International Monetary Fund. By missing the mark, Greece may be one step closer to default, given the targets are required for Greece to receive EU and IMF rescue loans.
The British pound Monday was at $1.545 from Friday's $1.5586. The U.S. standard was 7.788 Hong Kong dollars from 7.7848 Hong Kong dollars Friday.