Gold managed to end with a small gain in light volume on Monday, as technical selling and a fizzled euro rally offset bullion's initial gains after Greece's parliament passed austerity measures needed to secure an international bailout package. The metal's rally began to fade when it failed to rise above the previous session's high above $1,730 an ounce. Last week, gold encountered heavy technical selling around $1,750 an ounce, the highs set in early December.
Spot gold was up 0.3 percent at $1,724.39 an ounce as of 2:57 pm EST (1957 GMT), having risen as high as $1,733. US gold futures for April delivery settled down 40 cents an ounce at $1,724.90. Silver was up 0.4 percent at $33.70 an ounce. Spot platinum was up 0.4 percent at $1,645.93 an ounce, while spot palladium fell 0.9 percent to $693.48 an ounce.
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