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Gold Prices Slip on Greece Debt Deal, U.S. Data (Update 1)

"It's so hard to make a prediction on where they end up, but we're hopeful that the two sides can get together and have some type of combination of spending cuts as well as tax reform," said David Giunta, chief executive for Natixis Global Asset Management's U.S. Distribution.

"It looks like, at least around the edges, mild progress ... between the administration and the leaders of Congress to avert the fiscal cliff," said Wright.

Gold mining stocks were mostly lower Tuesday. Shares of AngloGold Ashanti (AU - Get Report) were lowering 3%, while shares of Gold Fields (GFI - Get Report) were sliding 2.1%.

Among volume leaders, Kinross Gold (KGC - Get Report) was dipping 0.82, and Barrick Gold (ABX) was falling 1.2%.

Gold ETF SPDR Gold Trust (GLD) was off 0.31%, as iShares Gold Trust (IAU) was down 0.26%.

-- Written by Joe Deaux in New York.

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AU $15.47 0.00%
GFI $4.38 0.00%
GLD $122.96 0.00%
IAU $12.42 0.00%
KGC $5.41 0.00%


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