SINGAPORE, Feb 22 (Reuters) - Gold held steady on
Wednesday near its highest level in more than two weeks, taking
a breather after the Greece bailout deal fuelled a rally in the
previous session. 	
    	
    FUNDAMENTALS	
    * Spot gold rose to a 2-1/2-week high of $1,759.84 an
ounce in early trade, before paring some gains to $1,756.81 an
ounce by 0028 GMT, down 0.1 percent from the previous close.	
    * U.S. gold was little changed at $1,758.70.	
    * $1,760 has been the top of a range in which gold prices
have seesawed since late January, and is considered a key
resistance level.	
    * Gold prices rallied more than 1 percent on Tuesday after
euro zone finance ministers agreed on a 130 billion euro bailout
for Greece, which sent the euro to its highest in nearly two
weeks and depressed the dollar index. 	
    * The euphoria across asset classes after the Greek deal
faded rapidly, as concerns about implemention of unpopular
reforms in Greece resurfaced.	
    * Investors will be watching China's HSBC flash
manufacturing activity survey. A strong reading would help
underpin the risk appetite.	
    * For the top stories on metals and other news, click
, or 	
    	
    MARKET NEWS	
    * U.S. stocks ended little changed on Tuesday, paring gains
after the Dow topped 13,000 for the first time since May 2008,
and as higher oil prices damped prospects for the economy. 	
    * The euro struggled to make any headway in Asia on
Wednesday, having retreated from near two-week highs as optimism
over the long-awaited Greek bailout deal quickly gave way to
concerns about economic growth and implementation risks. 

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