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Gold Trades Little Changed, Silver Futures Decline by 0.4%

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March 8 (Bloomberg) -- Gold for immediate delivery traded little changed at $1,685.13 an ounce at 10:21 a.m. Melbourne time, while bullion for April delivery in New York was also little changed at $1,685.50 an ounce.

Gold rebounded from a five-week low yesterday amid renewed optimism that Greece will be able to tame its debt crisis and as a report showed increased U.S. hiring. Silver for May delivery fell 0.4 percent to $33.465 an ounce.

To contact the reporter on this story: Phoebe Sedgman in Melbourne at psedgman2@bloomberg.net

To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net

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