 "Gold trades near 2-week low as Greek negotiations continue")
Gold traded near a two-week low as Greece held emergency talks with creditors in an effort to avoid a default.
Bullion for immediate delivery was little changed at $1,175.31 an ounce at 10:55 a.m. in London, according to Bloomberg generic pricing. Dueling proposals and rejections have left Greece without a deal to unlock aid, raising doubts it can meet a payment of 1.5 billion euros ($1.7 billion) to the International Monetary Fund due next week.
On Thursday, gold futures for August delivery added 0.2 per cent to $1,174.40 on the Comex in New York, the first advance in five days. Trading volumes were 39 per cent below the 100-day average for the time of day. Palladium lost 0.5 per cent to $692.93 an ounce, the 10th decline in 11 days. Silver for immediate delivery slid 0.2 per cent at $15.8602 an ounce. Platinum was little changed at $1,076.65 an ounce.
Bullion for immediate delivery was little changed at $1,175.31 an ounce at 10:55 a.m. in London, according to Bloomberg generic pricing. Dueling proposals and rejections have left Greece without a deal to unlock aid, raising doubts it can meet a payment of 1.5 billion euros ($1.7 billion) to the International Monetary Fund due next week.
On Thursday, gold futures for August delivery added 0.2 per cent to $1,174.40 on the Comex in New York, the first advance in five days. Trading volumes were 39 per cent below the 100-day average for the time of day. Palladium lost 0.5 per cent to $692.93 an ounce, the 10th decline in 11 days. Silver for immediate delivery slid 0.2 per cent at $15.8602 an ounce. Platinum was little changed at $1,076.65 an ounce.