Gold edged up along with major commodities in Asian trade Tuesday as the dollar weakened against the euro. Gold for immediate delivery was seen trading at $ 1500.24 an ounce at 1.00 p.m Singapore time while Gold for August delivery added $3.20, or 0.2%, to $1500.13 an ounce on the Comex division of the New York Mercantile Exchange during Asian trading hours.
Analysts said the yellow metal is likely to extend gains during the day as the euro rallied on hopes that Greece's parliament will pass an austerity plan to avoid a sovereign debt default.
A weaker dollar lent support for bullion prices, as the euro extended gains from the previous session on expectations that Greece's parliament will approve a fiscal austerity package needed for the country to get emergency aid.
Analysts said the yellow metal is likely to extend gains during the day as the euro rallied on hopes that Greece's parliament will pass an austerity plan to avoid a sovereign debt default.
A weaker dollar lent support for bullion prices, as the euro extended gains from the previous session on expectations that Greece's parliament will approve a fiscal austerity package needed for the country to get emergency aid.
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