Gold off 7-week high; Greek debt talks eyed
1/30/2012 11:15:10 AM
SINGAPORE: Gold ticked lower on Monday after earlier rising to its highest in more than seven weeks as investors awaited the outcome of Greece's debt deal talks, but a slower-than-expected growth in the United States underpinned sentiment.
EU leaders, which will sign off on a permanent rescue fund for the euro zone on Monday, are expected to agree on a balanced budget rule in national legislation, but unresolved problems in Greece cast a shadow on the discussions.
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