In a broad indication of how low in esteem gold is held right now, even after a nearly 20% sell-off in Greek equities as their bourse re-opened, the yellow precious metal fell significantly today.

If the Fed sneezes, investors catch a cold. That’s a variation on the old adage about the U.S. sneezing and the world catching a cold.

As markets continue tor respond to yesterday’s Federal Reserve press release and comments, they also are digesting data that said the U.S. economy grew at a 2.3% rate in the second quarter.