Here are some key dates on the Comex for the Gold Futures and Options.
Tomorrow is the June Gold Options Last Trade and Settlement Date
Next week is the Last Trade and Settlement for the Gold futures contract.
This is historically a heavy physical delivery period for gold and silver.
I suspect that this latest price action is less about Europe and Greece, and more about Chicago and New York.
May 24
OG - June 2012 Gold American Options - Last Trade Date
OG - June 2012 Gold American Options - Settlement Date
May 29
QO - June 2012 COMEX miNY Gold - Last Trade Date
QO - June 2012 COMEX miNY Gold - Settlement Date
GC - May 2012 Gold - Last Trade Date
GC - May 2012 Gold - Settlement Date
May 31
GC - May 2012 Gold - Last Delivery Date
GC - June 2012 Gold - First Notice Date
June 1
GC - June 2012 Gold - First Delivery Date