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1st LD Writethru: Gold trades lower on Greece talks

Xinhua, June 26, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell Thursday as Greek debt talks continued ahead of the June 30 deadline. This is the fifth straight session decline of gold since Friday.

The most active gold contract for August delivery lost 1.1 U.S. dollars, or 0.09 percent, to settle at 1,171.80 dollars per ounce.

Negotiators for the European Central Bank and the Greek government had another round of negotiations Thursday, stabilizing the price of gold from its previous fall. Analysts say that Greece is attempting to remain in the eurozone, despite its debt crisis.

The deadline for a deal is June 30, as Greece must make a payment on its debt to the International Monetary Fund, but analysts say negotiators are attempting to have a deal ready for the European Union leadership summit in Brussels, Belgium, later this week.

Silver for July delivery fell 4.5 cents, or 0.28 percent, to close at 15.808 dollars per ounce. Platinum for July delivery added 10.3 dollars, or 0.96 percent, to close at 1,084.40 dollars per ounce. Endite