SINGAPORE, June 28 (Reuters) - Spot gold edged higher on Tuesday, supported by a weaker dollar as the euro rallied on hopes that Greece's parliament will pass an austerity plan to avoid a sovereign debt default.
FUNDAMENTALS
* Spot gold gained 0.3 percent to $1,500.25 an ounce by 0032 GMT, off a five-week low of $1,490.30 in the previous session. Spot gold has posted losses for three straight trading days.
* U.S. gold
* A weaker dollar lent support for bullion prices, as the euro extended gains from the previous session on expectations that Greece's parliament will approve a fiscal austerity package needed for the country to get emergency aid.
* Greece's parliament began on Monday to debate the unpopular austerity plan, and is expected to vote on it on Wednesday.
* The U.S economy continued to show signs of deceleration, as consumer spending failed to rise in May, breaking 10 straight months of gains.
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MARKET NEWS
* U.S. stocks rose from three days of losses on Monday, led by banks after news of more favorable capital requirements and optimism over Greece's austerity plan.
* U.S. crude oil rose above $91 a barrel on Tuesday as the euro rallied against the dollar.
DATA/EVENTS 1145 U.S. ICSC chain stores yy Weekly 1300 U.S. CaseShiller 20 mm nsa Apr 1300 U.S. CaseShiller 20 yy Apr 1400 U.S. Consumer confidence Jun 2350 Japan Industrial output prelim mm May 2350 Japan IP forecast 1 mth ahead May
PRICES Precious metals prices 0032 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1500.25 4.05 +0.27 5.69 Spot Silver 33.74 0.20 +0.60 9.33 Spot Platinum 1681.50 9.95 +0.60 -4.87 Spot Palladium 725.50 0.52 +0.07 -9.26 COMEX GOLD AUG1 1501.10 4.70 +0.31 5.61 1797 COMEX SILVER JUL1 33.78 0.20 +0.58 9.18 1037 Euro/Dollar 1.4298 Dollar/Yen 80.73 COMEX gold and silver contracts show the most active months (Reporting by Rujun Shen; Editing by Ed Lane)