By Claudia Assis, MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures inched up Tuesday as markets anticipated that Greece’s government would get a much-needed vote of confidence, garnering some support from lingering concerns about the nation’s sovereign-debt crisis and its potential impact on the global economy.
Gold for July delivery GC1Q +0.18% added $2.30, or 0.1%, to $1,544.30 an ounce on the Comex division of the New York Mercantile Exchange.
The government of Prime Minister George Papandreou faces a crucial confidence vote in Greece’s parliament around 5 p.m. Eastern time.
His government is considered likely to survive the vote, securing political support to push through unpopular spending cuts later this month in order for Greece to receive the next installment of international aid and avoid a default.
Investors are also eyeing the Federal Reserve’s two-day meeting on the U.S. economy, monetary policy and interest rates scheduled to wrap up on Wednesday.
Gold has traded between $1,500 and just below $1,550 an ounce for more than a month.
Silver traded higher on Tuesday, with the July contract SI1N +0.76% adding 24 cents, or 0.7%, to $36.30 an ounce.
