The following Weekly Gold:USD ratio chart shows the beginnings of relative strength of Gold over the US $ in last week's bounce from major support. With the various indicators beginning to hook up, we may see Gold outperform the dollar for awhile. Today's action is not yet shown on this chart, but I'll post one after today's close.
At the time of writing this post on Monday just after 12:30 pm EST, the following table shows how Major World markets have traded today...the only markets still open are the North and South American markets. You can see that the hardest hit today have been Russia, Japan, Hong Kong, China, Australia, Philippines, and Mexico. Oil services has also taken a hit.
The above markets are the ones I'll be following this week to watch for further reaction to the developing Cyprus bailout situation, along with world banking stocks and indices/ETFs (as well as those markets that I mentioned in my last two Weekly Market Updates here and here). Further weakness in these could produce a drag on the rest of the world markets and vice versa.
***UPDATE AFTER MARKET CLOSE: The following Weekly chart of the GOLD:USD ratio shows that Gold continued to (slightly) outperform the US $ by today's close.