SINGAPORE, Feb 10 (Reuters) - Spot gold hovered around
$1,730 an ounce on Friday, as investors remained cautious with
euro zone finance ministers demanding reassurance even after
Greece clinched a long-stalled bailout deal, while a CME margin
cut only received subdued reaction.	
    	
    FUNDAMENTALS	
    * Spot gold was little changed at $1,731.31 an ounce
by 0039 GMT, on course for a 0.3-percent weekly rise.	
    * U.S. gold lost half a percent to $1,733.40.	
    * Greek political leaders said they had clinched a deal on
economic reforms and spending cuts needed to secure a second
bailout, but euro zone finance ministers demanded more measures
and a parliamentary seal of approval before providing the aid.
 	
    * European Central Bank President Mario Draghi opened the
door on Thursday to helping Athens indirectly after Greek
politicians finally signed up to an austerity package following
days of dither and delay. 	
    * The CME Group cut trading margins for gold, silver
and platinum by 11.8, 13.5 and 22.2 percent respectively,
effective after the close of business on Monday, Feb. 13.
 	
    * The number of Americans signing up for unemployment
benefits fell unexpectedly last week, the latest sign of
recovery in the U.S. labor market. 	
    * For the top stories on metals and other news, click
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    MARKET NEWS	
    * U.S. stocks rose modestly for a third straight day on
Thursday after Greece reached a deal to secure a financial
bailout, but investors were cautious after weeks of gains. 	
    * The euro was stuck in a narrow range on Friday, after
hitting a two-month high against the dollar in the previous
session after Greek leaders agreed to a deal on reforms and the
European Central Bank flagged tentative economic improvement in
the euro zone. 	

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