Gold treads water as Greek talks eyed; set for fourth weekly drop

Gold was little changed on Friday as investors eyed talks over Greek debt, but the metal was headed for its fourth straight weekly dip as a last-minute deal was expected to break the impasse over the Mediterranean country’s bailout programme.

Spot gold was steady at $1,207.60 an ounce by 0736 GMT, after dropping 0.5 percent in the previous session. The metal has lost 1.8 percent for the week so far, also dipping below the key $1,200 level briefly on Wednesday.

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