Spot gold edged lower on Wednesday, as easing worries about the Greek debt crisis dampened some appetite for bullion, but a weaker dollar is expected to provide support. Gold came off a four-week high of $1,540.50 hit in the previous session, as European officials met to sketch out options for a second bailout package for Greece, boosting investor risk appetite.
Spot gold edge down 0.2 percent to $1,532.20 an ounce by 0604 GMT, after posting a 1.8-percent decline in May. US gold lost 0.2 percent to $1,532.90. Spot silver declined 0.9 percent to $38.11.