Gold rose 1 percent on Thursday, following the euro and US equities for a second day of gains, as an expected conclusion of a Greek bond deal boosted financial markets across the board. Spot gold was up 1.1 percent at $1,702.70 an ounce by 3:19 pm EST (2019 GMT).
Despite a two-day rally, gold is on track for its second consecutive weekly loss after a 2-percent tumble on Tuesday as jitters over Greece's debt sent the metal below its 200-day moving average. US gold futures for April delivery settled up $14.80 at $1,698.70 an ounce, with trading volume about 10 percent below its 30-day average but above its previous session, preliminary Reuters data showed. Silver rose by 1.4 percent on the day to $33.84 an ounce. In other metals, platinum rose 2.1 percent to $1,659 an ounce, while palladium rose 2.5 percent to $697.70 an ounce.