SINGAPORE, Feb 14 (Reuters) - Gold prices were steady on
Monday, as investors in a market with no clear direction watch
the development of protests in Yemen after Egypt's mass
uprising.
FUNDAMENTALS
* Spot gold was little changed at $1,355.15 an ounce
by 0031 GMT.
* U.S. gold futures edged down 0.3 percent to
$1,355.8.
* Following Egypt's mass protest that ousted president Hosni
Mubarak, hundreds of anti-government protesters in Yemen clashed
with police blocking them from marching to the country's
presidential palace on Sunday.
* Egypt's new military rulers dissolved parliament and
suspended the constitution on Sunday but said they would govern
only until elections to replace ousted president Hosni Mubarak,
possibly in six months.
* Political turmoil in the Middle East may provide a floor
for gold prices, but traders said prices were likely to be
rangebound as the market lacks a clear direction.
* The euro teetered precariously on a key technical level
against the dollar early on Monday, while the dollar index edged
up to a three-week high.
* Japan's economy shrank slightly in the final quarter of
last year, hurt by an expiry of government incentives for car
purchases, although analysts expect a recovery this year on firm
exports to fast-growing Asia.
MARKET NEWS
* U.S. stocks closed out their second straight week of gains
on Friday with a rally sparked after Egyptian President Hosni
Mubarak resigned, easing tension around the region for now.
DATA/EVENTS (GMT)
1000 EZ Industrial production yy Dec 2010
1500 U.S. NAHB housing market indx Feb
China Exports yy Jan 2011
China Imports yy Jan 2011
China Trade balance Jan 2011
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> Earnings and prices worry global markets
> China to vet inward M&A deals on national security
> G20 sees 2 steps to tackling global imbalances-EU
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PRICES
Precious metals prices 0031 GMT
Metal Last Change Pct chg YTD pct chg Volume
Spot Gold 1355.15 -0.97 -0.07 -4.53
Spot Silver 29.85 0.00 +0.00 -3.27
Spot Platinum 1815.00 12.50 +0.69 2.69
Spot Palladium 813.75 2.75 +0.34 1.78
TOCOM Gold 3639.00 10.00 +0.28 -2.41 21639
TOCOM Platinum 4910.00 -37.00 -0.75 4.56 7930
TOCOM Silver 79.90 0.00 +0.00 -1.36 581
TOCOM Palladium 2189.00 -11.00 -0.50 4.39 243
COMEX GOLD APR1 1355.80 -4.60 -0.34 -4.62 3466
COMEX SILVER MAR1 29.86 -0.14 -0.47 -3.51 722
Euro/Dollar 1.3509
Dollar/Yen 83.26
TOCOM prices in yen per gram. Spot prices in $ per ounce.
COMEX gold and silver contracts show the most active months
(Reporting By Rujun Shen Editing by Clarence Fernandez)
Reuters
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