PRECIOUS-Gold bounces from 3-week low ahead of more Greek debt talks

viernes 26 de junio de 2015 14:38 GYT
 

* Gold hits lowest since June 5, focus on Greece

* Top gold ETF sees biggest 1-day inflow since Feb. 2

* Palladium slides to near 2-year low at $666.82/oz (Updates prices, adds comment)

By Marcy Nicholson and Jan Harvey

NEW YORK/LONDON, June 26 (Reuters) - Gold was little changed on Friday, after falling to a three-week low, on short-covering at the end of the week and caution ahead of crunch talks on Greece this weekend, while concerns over the longer-term outlook for the metal provided price pressure.

Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday either to avert a default next week or start preparing to protect the euro zone from financial market turmoil.

Spot gold was down 0.1 percent at $1,171.55 an ounce at 1407 GMT, after falling to $1,168.25, its lowest since June 5. It was on track to close the week down 2.2 percent.

U.S. gold futures for August delivery settled up $1.40 an ounce at $1,173.20.

"It's just drifting higher," said one U.S. trader, adding that end-of-the-week short-covering combined with a lack of offers as the end of the quarter approaches, helped prices turn slightly higher.   Continuación...