SINGAPORE (Reuters) - Gold languished near its lowest level since March on Wednesday as the ongoing Greek debt crisis boosted the dollar, offsetting any safe-haven demand from uncertainty in the euro zone, with other precious metals also taking a tumble.
FUNDAMENTALS
* Spot gold > was little changed at $1,155.69 an ounce by 0053 GMT, after dropping about 1 percent in the previous session. The metal fell to $1,148.05 at one point on Tuesday, its lowest since March 18.
* Silver > dropped 4 percent overnight in its biggest daily drop since January and taking the metal to levels last seen in December 2014.
* Platinum > tumbled to its lowest since 2009, while palladium > fell to 2013 lows.
* The precious metals took a hit as the dollar climbed to a one-month high against a basket of major currencies on Tuesday. A stronger greenback makes the dollar-denominated metals more expensive for holders of other currencies.
* The dollar has been supported by weakness in the euro as uncertainty persisted over Greece's fate in the euro zone after it defaulted on a payment to the International Monetary Fund.
* Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin.
* At an emergency summit in Brussels on Tuesday, representatives of the 19-country euro zone said all 28 European Union leaders would meet on Sunday to decide Greece's fate. The talks were organised after Greeks voted last Sunday against a bailout that carried stringent austerity measures.
* Gold, usually seen as an alternative investment in times of financial and economic uncertainty, has failed to see significant safe-haven buying due to the Greek crisis as fears of contagion seem to be limited.
* Elsewhere, the U.S. Mint said on Tuesday that it temporarily sold out of its popular 2015 American Eagle silver bullion coins due to a "significant" increase in demand, the latest sign plunging prices have spurred a resurgence of retail buying.
* South African gold producers said on Tuesday that union wage demands were "unaffordable" and could add 16.5 billion rand ($1.3 billion) to the sector's wage bill.
* For the top stories on metals and other news, click [TOP/MTL] or [GOL/]
MARKET NEWS
* Asian shares fell on Wednesday as investors fretted over Greece's debt crisis and a recent plunge in Chinese stocks.
* The dollar index <.DXY> dipped slightly on Wednesday but largely held gains from a two-day rally.
(Reporting by A. Ananthalakshmi; Editing by Michael Perry)
