Gold Declines for Second Day as Greece Approves Austerity Plan
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Gold futures fell for the second straight session as Greek lawmakers approved austerity plans to win another international bailout, eroding the appeal of the precious metal as a haven.
Olli Rehn, the European Union’s economic and monetary affairs commissioner, signaled EU finance ministers will support Greece at a meeting starting Feb. 15. Global equities and the euro climbed. Italy met its target at a debt auction today, selling 12 billion euros ($16 billion) of bills as borrowing costs fell.