Caution toward gold on Monday prompted the precious metal to hover in value as Greece prepared to receive its second bailout package since June 2010, according to Dow Jones Newswires.
One precious metals strategist forewarned of lax adherence to terms and conditions outlined in the Greek parliament's vote.
"Although the new round of Greek austerity measures was ratified by the parliament on Sunday, some degree of uncertainty remains," states a note penned by precious metal strategist Anne-Laure Tremblay with BNP Paribas, cited by Dow Jones Newswires.
At 9:50 a.m. on Monday, gold futures fell 0.25 percent, a $4.30 loss to $1,721 per troy ounce.
The even performance of the precious metal on Monday comes after bullion lost value on Friday.
Reuters reports the European Union is planning to meet on Wednesday, when it would likely stamp approval on disbursal of the equivalent of $173 billion in euros for Greece as part of the second tranche of aid. The parliament of Greece approving the measure prompted protests in the streets of Athens to turn violent as they did elsewhere in the debt-hobbled Aegean nation.
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