Gold price eases despite sharp fall in dollar on Greek debt deal

Singapore (Jun 3)  Gold eased on Wednesday even as the dollar nursed sharp losses on expectations of a Greek debt deal, with investor sentiment remaining bearish due to outflows from bullion-backed funds.

 Spot gold slipped 0.2 per cent to $1,191.40 an ounce by 0632 GMT, after gaining 0.4 per cent on Tuesday.

 Traders said gold's overnight jump was underwhelming given the sharp drop in dollar and weak US factory data, which should have typically triggered strong safe-haven bids.

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