(RTTNews) - The price of gold moved back above $1,500 Tuesday morning amid cautious trade as concerns remained whether the austerity measures will be passed by the Greek parliament.
Gold for August delivery, the most actively traded contract, gained $6.50 to $1,502.90 an ounce.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,209.14 tons.
Meanwhile, the U.S. dollar was ticking higher versus the euro and sterling, while edging down against the Swiss franc and the yen.
The British economy expanded in the first quarter from the prior quarter as estimated, the Office for National Statistics said today. Gross Domestic Product grew 0.5 percent sequentially in the first quarter, unrevised from growth previously published. The first quarter expansion offset the 0.5 percent contraction in the previous three months.
Elsewhere, the prices of silver and platinum moved higher in morning deals.
In economic news, the Conference Board will come out with its results on consumer confidence survey. Economists expect the consumer confidence index to improve to 62 in June from 60.8 in May.
The S&P/Case-Shiller home price index, which tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the U.S., is scheduled to be released at 9 a.m.ET. Economists expect a 3.9 percent year-over-year decline in the 20-city composite house price index for April.
