SINGAPORE, Dec 6 (Reuters) - Gold edged down on Monday
after rising nearly 2 percent the previous session to above
$1,400 an ounce, but a struggling U.S. dollar could still spur
buying from investors.
FUNDAMENTALS
* Spot gold fell $3.31 an ounce to $1,411.04 by
0033 GMT after rising as high as $1,415.36 on Friday as the
dollar tumbled following disappointing jobs data.
* U.S. gold futures for February rose $6.3 an ounce
to at $1,412.5 an ounce.
* The world's largest gold-backed exchange-traded fund,
SPDR Gold Trust , said its holdings slipped to 1,298.030
tonnes by Dec 3 from 1,298.447 on Dec 2. The holdings hit a
record at 1,320.436 tonnes on June 29.
* Federal Reserve Chairman Ben Bernanke was reported in an
interview with CBS television as not ruling out further bond
purchases beyond the $600 billion already announced, helping
take the dollar to its lowest in three weeks against the yen
on Friday, and two weeks against the euro. []
MARKET NEWS
* The dollar sat at its lowest levels in two weeks on
Monday, nursing large losses from weaker than expected
employment data and renewed focus on U.S. quantitative easing.
* Japan's Nikkei was flat on Monday, below a six-month
high hit last week, as concerns persist over the speed of a
global recovery after worse-than-expected U.S.jobs data sent
the dollar lower against the yen.
* U.S. crude futures rose on Monday, extending a rally
into the fourth straight session as the dollar weakened
further, nursing large losses from weaker than expected jobs
data and renewed focus on U.S. quantitative easing.
(GMT) DATA/EVENTS
- 2330 GMT Japan Reuters Tankan DI Dec
- 1599 GMT U.S. Employment index Nov
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Precious metals prices at 0033 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1411.04 -3.31 -0.23 28.78
Spot Silver 29.45 0.09 +0.31 74.99
Spot Platinum 1726.25 0.75 +0.04 17.67
Spot Palladium 766.50 8.10 +1.07 89.03
TOCOM Gold 3767.00 19.00 +0.51 15.59 29988
TOCOM Platinum 4647.00 -8.00 -0.17 6.07 6110
TOCOM Silver 78.80 1.40 +1.81 52.42 863
TOCOM Palladium 2065.00 16.00 +0.78 77.25 813
Euro/Dollar 1.3370
Dollar/Yen 82.80
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Ed Lane)
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