Spot gold was flat on Wednesday, holding on to its 5-percent gain of the past seven sessions and hovering near its record high as growing fears of a eurozone debt contagion burnished its safe-haven appeal. Spot gold was flat at $1,565.81 an ounce by 0617 GMT, after hitting $1,572.96 in the previous session, barely $3 off the all-time high of $1,575.79 set on May 2.
US gold edged up 0.3 percent to $1,566.60. Technical analysis suggested signals for spot gold were mixed, with the focus now on a resistance zone of $1,575.79-$1,579, Reuters market analyst Wang Tao said. Spot silver gained 0.4 percent to $36.21 an ounce, recovering from a one-week low of $34.76 hit in the previous session. US silver rose 1.7 percent to $36.25.