SINGAPORE, Jan 17 (Reuters) - Gold rebounded slightly on
Monday from a one-percent fall in the previous session, after
China further tightened its monetary policy to curb inflation,
and holdings in the gold-backed exchange-traded fund continued
falling.
FUNDAMENTALS
* Spot gold gained 0.2 percent at $1,363.05 an ounce
by 0022 GMT, after falling to a one-week low of $1,354.99 in the
previous session.
* U.S. gold futures fell 1.8 percent to $1,362.3.
* China's central bank raised lenders' required reserves on
Friday for the fourth time in just over two months, stepping up
the fight against inflation it has vowed will be a top priority
for the year.
* The euro zone faces short-term price pressures which may
linger, the European Central Bank said on Thursday, showing it
could raise interest rates to contain inflation even while the
bloc is gripped by a debt crisis.
* The U.S. economy still needs support from the Federal
Reserve, even if growth prospects appear firmer, top Fed
officials said on Friday.
* Holdings in the SPDR Gold Trust , the world's largest
gold-backed exchange-traded fund, fell to 1,259.325 tonnes by
Jan 14 from 1,265.093 tonnes on Jan 13. They had fallen about
one percent over the past week.
MARKET NEWS
* The S&P 500 ended a seventh straight week of gains with a
bank-led rally amid healthy volume after encouraging financial
results from JPMorgan.
* The dollar index was steady on Monday, after
falling to a two-week low on Friday on disappointing U.S.
consumer sentiment data.
DATA/EVENTS
Japan Consumer confid. index
OPEC Monthly Report U.S. market
holiday
RELATED NEWS
> US retail sales rise modestly, core prices tame
> Banks lead S&P 500 to 7th week of Wall St gains
> Fed officials say not yet time to remove stimulus
> Rising gasoline prices sour US consumer mood
> Euro zone divided on crisis plan before meeting
> US-China summit must deliver real results-Clinton
> China raises bank reserves; more tightening seen
> Euro zone inflation confirmed above ECB target
> Brent scales $99 before expiry, US oil rises
> Germany to hike 2011 growth forecast-paper
> UK factory gate inflation speeds up
PRICES
Precious metals prices 0022 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1363.05 2.20 +0.16 -3.97
Spot Silver 28.58 0.16 +0.56 -7.39
Spot Platinum 1808.50 -0.50 -0.03 2.32
Spot Palladium 794.00 2.50 +0.32 -0.69
TOCOM Gold 3649.00 -21.00 -0.57 -2.15 32771
TOCOM Platinum 4878.00 -14.00 -0.29 3.88 5785
TOCOM Silver 76.60 -0.40 -0.52 -5.43 1163
TOCOM Palladium 2134.00 -27.00 -1.25 1.76 341
Euro/Dollar 1.3360
Dollar/Yen 82.95
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting By Rujun Shen; Editing by Clarence Fernandez)
Reuters
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