Spot gold remained steady during Friday trades completing the week of narrow trading as investor appetite for the save haven bullion diminished on Greece’s austerity measures.

Thursday Greek parliament passed the final austerity measures so as to get the emergency financing from the international lenders and avoid a default.

Meantime, it is widely expected that concerns over troubling US economy will support gold’s appeal.

Spot gold was little changed at $1,498.70 an ounce by 0602 GMT, nearly flat from a week earlier.

U.S. gold GCcv1 edged down 0.3 percent to $1,499.10

"The seeming resolution of the Greece crisis has probably hurt gold, but I think there's enough interest from the Chinese and central banks to sustain it at around $1,500 for now," said David Thurtell, an analyst at Citigroup.

Gold has been trading in a range between $1,490 and $1,514 this week, off last week's peak of $1,557.75. Interest in the physical market grew when prices fell below $1,500, but demand alone is unlikely to lift prices above the current range, traders said.

Gold was the best-performing metal in the second quarter, during which commodities posted the largest quarterly loss since the 2008 financial crisis led by steep sell-offs in grains and oil.

Precious metals prices 0602 GMT

Metal Last Change Pct chg YTD pct chg Volume

Spot Gold 1498.70 -0.90 -0.06 5.58
Spot Silver 34.51 -0.14 -0.40 11.83
Spot Platinum 1710.24 -9.91 -0.58 -3.24
Spot Palladium 750.75 -1.50 -0.20 -6.10
TOCOM Gold 3897.00 -16.00 -0.41 4.51 46294
TOCOM Platinum 4495.00 -15.00 -0.33 -4.28 9503
TOCOM Silver 89.70 -0.60 -0.66 10.74 543
TOCOM Palladium 1961.00 -10.00 -0.51 -6.49 237
COMEX GOLD AUG1 1499.10 -3.70 -0.25 5.47 7594
COMEX SILVER JUL1 34.57 -0.25 -0.71 11.72 112
euro/dollar 1.4511
Dollar/Yen 80.67

TOCOM prices in yen per gram. Spot prices in $ per ounce.