Gold rose on Tuesday as the euro turned higher against the greenback amid expectations Greece will announce new austerity measures, with currency market volatility lending support to bullion as an alternative asset. Fears over the fiscal health of some euro zone economies have weighed heavily on the euro so far this year, knocking it down by nearly 5.5 percent against the dollar. The European Union on Monday urged Greece to agree additional austerity measures within days to tackle its fiscal crisis. Greek officials said a cabinet meeting on the economy will take place on Wednesday. Gold is trading at $1,133 as of 21:08pm, GMT, with a bearish trend. Gold's Pool-position is 34% Long, meaning that most Finotec clients are selling the precious metal.

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