June 17, 2012 / 10:22 PM / 5 years ago

Gold dips after pro-bailout parties set to win Greek vote

SINGAPORE (Reuters) - Gold dropped early on Monday, with Greek’s pro-bailout parties on course to win a slim majority at Sunday’s election, calming fears of Athens leaving the euro zone and reducing bullion’s safe-haven appeal.

Spot gold eased 0.3 percent to $1,622.29 an ounce by 2213 GMT.

Reporting by Manolo Serapio Jr.; Editing by Bernard Orr

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