SINGAPORE, May 26 (Reuters) - Gold edged up on Thursday to near its strongest level in three weeks with the euro under pressure from concerns over Europe's sovereign debt problems.
FUNDAMENTALS
* Spot gold added $2.45 to $1,525.75 an ounce by 0014 GMT after rising as high as $1,532.10 on Wednesday, its loftiest since May 4.
* Euro-denominated gold held near a record around 1,088 euros an ounce struck on Wednesday.
* Silver was nearly flat at $37.84 an ounce, near a two-week high of $37.97 hit in the previous session, but was below a record of $49.51 touched in April.
* The Greek government scrambled to resolve a standoff with its opposition over austerity on Wednesday, with one official warning the only alternative to more cuts was leaving the euro and bringing back the drachma. [ID:nLDE74O1C3]
MARKET NEWS
* The euro hit a record low against the Swiss franc on Wednesday as investors fretted about Greece's ability to repay its debts, and traders said it was likely to fall further against the U.S. dollar this week.
* The Nikkei stock average rose 1 percent on Thursday, bouncing off a two-month closing low hit the previous day, helped by a rise in Wall Street shares and commodity prices, though market players said it was too early to say risk reduction has run its course.
DATA EVENTS (GMT)
1200 EZ ECB President Trichet speaks at WDR Europa forum
1230 U.S. Gross Domestic Product Q1-P
1230 U.S. Unemployment claims Weekly
1500 U.S. KC Fed survey May Precious metals prices 0014 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 1525.75 2.45 +0.16 7.49 Spot Silver 37.84 -0.04 -0.11 22.62 Spot Platinum 1774.80 -1.90 -0.11 0.41 Spot Palladium 745.60 0.47 +0.06 -6.74 TOCOM Gold 4032.00 15.00 +0.37 8.13 19436 TOCOM Platinum 4744.00 48.00 +1.02 1.02 3102 TOCOM Silver 99.90 4.10 +4.28 23.33 965 TOCOM Palladium 1981.00 38.00 +1.96 -5.53 65 Euro/Dollar 1.4077 Dollar/Yen 82.01 TOCOM prices in yen per gram. Spot prices in $ per ounce. (Reporting by Lewa Pardomuan; Editing by Manolo Serapio Jr.)