SINGAPORE, Jan 30 (Reuters) - Gold ticked lower on
Monday after earlier rising to its highest in more than seven
weeks as investors awaited the outcome of Greece's debt deal
talks, but sentiment was supported by a firmer euro and
lower-than-expected U.S. growth data. 	
	
    FUNDAMENTALS	
    * Spot gold hit a high of $1,739 an ounce, its
strongest since Dec. 8, and was at $1,734.65 an ounce by 0022
GMT, down $2.55.  	
    * The world's biggest hedge fund, Bridgewater Associates,
was bullish on bullion as a hedge against inflation as
governments print more money to reduce debt.  	
    * EU leaders will sign off on a permanent rescue fund for
the euro zone at a summit on Monday and are expected to agree on
a balanced budget rule in national legislation, with unresolved
problems in Greece casting a shadow on the discussions.
 	
    * The U.S economy grew at its fastest pace in 1-1/2 years in
the fourth quarter. But it fell short of economists' forecast,
fueling worries about U.S. growth in 2012 and bets that the
Federal Reserve would need to provide more help. 
 	
    * U.S. gold rose 0.17 percent to $1,735.20 an ounce.
    	
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    MARKET NEWS	
    *  The euro hovered at six-week highs against the dollar on
Monday, but faced a subdued session in Asia as investors awaited
confirmation that Greece has secured a long-awaited debt deal
that will help it avert a messy default.    	
    * Japan's Nikkei share average slipped in early trade on
Monday, weighed down by disappointing corporate earnings
results, while U.S. fourth-quarter economic growth was weaker
than expected though it grew at its fastest pace in 1-1/2 years.
  	
     	
    DATA/EVENTS (GMT)	
    1000  EZ  Business climate           Jan 2012   
 	
    1000  EZ  Economic sentiment         Jan 2012   
 	
    1330  U.S. Personal income mm        Dec         
 	
    2300  S.Korea Industrial output yy   Pre Dec     
 	
        	
 PRICES	
  Precious metals prices 0022 GMT
  Metal             Last    Change  Pct chg  YTD pct chg    Volume
  Spot Gold        1734.65   -2.55   -0.15     10.93
  Spot Silver        33.82   -0.12   -0.35     22.14
  Spot Platinum    1617.00    1.70   +0.11     16.08
  Spot Palladium    687.97    2.37   +0.35      5.44
  COMEX GOLD FEB2  1735.20    3.00   +0.17     10.75          924
  COMEX SILVER MAR2  33.83    0.04   +0.10     21.17          653
  Euro/Dollar       1.3198
  Dollar/Yen         76.75

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