SINGAPORE, Jan 7 (Reuters) - Spot gold steadied on Friday
as investors await U.S. payrolls data due at 1330 GMT to set
the market tone while a stronger dollar pressured bullion
prices.
FUNDAMENTALS
* Spot gold was little changed at $1,371.46 an
ounce by 0039 GMT, heading for a 3.5 percent weekly decline.
* U.S. gold futures edged down $1.6 to $1,370.1.
* After a string of upbeat data from the United States,
the new jobless claims data released on Thursday was less
encouraging, but a decline in the four-week average to a
nearly 2-1/2 year low suggested the trend towards a better
labour market remains intact. []
* Investors are eyeing the employment report due later in
the day. Some economists raised their forecast, after
Thursday's private jobs number for December showed a surprise
jump. For a Reuters poll on the non-farm payrolls data,
click[]
* Spot silver edged down 0.1 percent to $29.00, on
course for a 6.1 percent loss from the previous week, its
biggest weekly loss in six months.
MARKET NEWS
* U.S. stocks slipped on Thursday as soft retail sales and
a sharp rise in the dollar left investors edgy a day before
December's U.S. employment report.
* The dollar held its gains from the previous session,
while the euro fell to its lowest in nearly four months
against the dollar.
DATA/EVENTS (GMT)
1100 Germany Industrial output Nov 2010
1330 U.S. Unemployment Rate Dec
1330 U.S. Non-farm payrolls Dec
1440 U.S. ECRI inflation Dec
1530 U.S. Commitments of Traders Jan 4
1530 U.S. ECRI index Weekly USECRW=ECI>
RELATED NEWS
> US jobless claims up, underlying trend still down
> Retailers hold down Wall St ahead of jobs data
> Geithner presses Republicans to lift US debt limit
> US jobless claims near 2-1/2-yr low for past month
> Euro zone sentiment points to healthy Q4 growth
> US Dec retail sales show shoppers still wary
> Oil drops 2 pct as dollar rises; awaits jobs data
> Record high food prices stoke fears for economy
> Emerging markets drive German industry orders
> UK services PMI hits 20-month low in December
> Swiss inflation up, deflation risk easing
> Brazil targets short-selling to curb currency rally
PRICES
Precious metals prices 0039 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1371.46 0.31 +0.02 -3.38
Spot Silver 29.00 -0.04 -0.14 -6.03
Spot Platinum 1726.24 -2.76 -0.16 -2.33
Spot Palladium 756.97 -1.53 -0.20 -5.32
TOCOM Gold 3686.00 -6.00 -0.16 -1.15 22044
TOCOM Platinum 4687.00 -8.00 -0.17 -0.19 3714
TOCOM Silver 78.10 -0.70 -0.89 -3.58 442
TOCOM Palladium 2037.00 -41.00 -1.97 -2.86 251
Euro/Dollar 1.3009
Dollar/Yen 83.29
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Editing by Ed Lane)
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