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Gold Eases Below $1280 as Equities Firm on Greek Debt Hopes

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.

CNBC [1]

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