SINGAPORE, June 29 (Reuters) - Gold edged higher on Wednesday, as investors are optimistic that Greece's parliament will approve an austerity plan later in the day, underpinning sentiment in bullion and other commodities.
FUNDAMENTALS
* Spot gold inched up 0.1 percent to $1,502.36 an
ounce by 0030 GMT, building on gains from the previous session.
COMEX gold
* Greece remains in focus, as its parliament is scheduled to vote on an austerity package demanded by international lenders as part of a massive bailout later on Wednesday.
* Expectations that the parliament will approve the plan underpinned the euro to hold steady against the dollar, supporting sentiment in gold and other commodities.
* The 19-commodity Reuters-Jefferies CRB index rose 1.7 percent on Tuesday, its biggest daily rise in nearly six weeks.
* Further supporting the euro, European Central Bank President Jean-Claude Trichet signalled a rate hike at next monthly meeting.
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MARKET NEWS
* U.S. stocks rose for a second day on Tuesday on optimism that a solution to Greece's debt crisis was near, although low volume indicated underlying nervousness in the market.
* The euro held steady early in Asia on Wednesday amid hopes the Greek parliament will agree to an austerity package of tax hikes and spending cuts in order to secure emergency loans from international lenders.
DATA/EVENTS 0900 EZ Business climate Jun 2011 0900 EZ Economic sentiment Jun 2011 2300 S.Korea Industrial output yy May 2011 2315 Japan Manufacturing PMI Jun 2011
PRICES Precious metals prices 0030 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1502.36 1.86 +0.12 5.84 Spot Silver 33.79 -0.08 -0.24 9.49 Spot Platinum 1695.74 6.54 +0.39 -4.06 Spot Palladium 735.47 -0.93 -0.13 -8.01 TOCOM Gold 3923.00 26.00 +0.67 5.20 24690 TOCOM Platinum 4483.00 49.00 +1.11 -4.54 6275 TOCOM Silver 88.20 0.60 +0.68 8.89 351 TOCOM Palladium 1934.00 41.00 +2.17 -7.77 203 COMEX GOLD AUG1 1503.50 3.30 +0.22 5.78 1248 COMEX SILVER JUL1 33.88 0.24 +0.72 9.50 556 Euro/Dollar 1.4346 Dollar/Yen 80.99 TOCOM prices in yen per gram. Spot prices in $ per ounce. COMEX gold and silver contracts show the most active months (Reporting by Rujun Shen; Editing by Ed Lane)