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Gold came off a seven-week high on Monday as investors took profit in the precious metal, replenishing liquidity levels ahead of today's important EU summit.
EU leaders meet in Brussels today to endorse a €500 billion rescue package and to make the finishing touches to a German-led deficit-control treaty. According to the FT, Germany is pushing for the creation of a commissioner, appointed by euro-member states, to oversee and veto budget decisions by Greece as a condition of a €130 billion bailout for Athens.