Gold edged lower in early Asian trade on Tuesday, outshone by equities that got a boost from expectations that Greece is nearing a debt deal with international creditors.
Spot gold was down 0.1 percent at $1,273.30 an ounce by 0033 GMT, adding to a modest loss on Monday. U.S. gold for April delivery eased 0.2 percent to $1,274.20 an ounce.
Greece’s new government has proposed ending a standoff with its international creditors by swapping its outstanding debt for new growth-linked bonds, Finance Minister Yanis Varoufakis was quoted by the Financial Times as saying on Monday.
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