Gold held ground on Thursday after rising for the past two days, as an initial favourable vote on austerity measures by Greece's parliament weighed on the dollar, but low speculative interest and physical demand may cap gold's upside in the short term.
Spot gold was little changed at $1,511.86 an ounce by 0555 GMT, after rising for two straight sessions. US gold gained 0.1 percent to $1,512.50. Spot gold was headed for a second monthly fall with a 1.4 percent decline, but still on course for 5.7-percent quarterly rise. Gold has posted 11 consecutive quarterly gains. Spot silver gained 0.8 percent to $35.03, on course for a 7 percent quarterly loss, its first in the red after nine straight quarterly gains and its worst since the third quarter of 2008.
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