SINGAPORE, Feb 15 (Reuters) - Gold prices were steady on
Tuesday, as investors await a raft of data, including China's
inflation reading and the euro zone's economic growth numbers,
after prices have been stuck in narrow ranges in the past few
sessions.
FUNDAMENTALS
* Spot gold was little changed at $1,362.10 an ounce
by 0023 GMT. Prices ranged between $1,348 and $1,368 in the past
five sessions.
* U.S. gold futures edged down 0.2 percent to
$1,362.8.
* China is expected to release January's consumer price
index and loan data later in the day. The inflation number was
expected to stay elevated, preparing the way for more tightening
of monetary policy even if there is a mild downside surprise.
* Copper hit a record high on Monday, boosted by a surprise
jump in China's imports, which reinforced prospects for robust
global demand and raised hopes of extended restocking by the
world's top consumer.
* Holdings in the SPDR Gold Trust , the world's largest
gold-backed exchange-traded fund, remained unchanged at
1,225.526 tonnes.
* Holdings in the iShares Silver Trust gained 22.78
tonnes to 10,411.23 tonnes by Feb 14.
* Spot silver edge down 0.2 percent at $30.53, after
hitting a six-week high of $30.71 in the previous session.
MARKET NEWS
* Energy and commodity shares lifted Wall Street to modest
gains on Monday, but the lowest volume so far this year
indicated the equity rally may be near a top.
* The euro nursed losses early in Asia on Tuesday, having
fallen to a three-week low and may struggle to gain traction
after a meeting of European finance ministers ended with no
concrete solution to the region's fiscal problems.
DATA/EVENTS (GMT)
0430 Japan Industrial output rev Dec 2010
0700 Germany GDP flash yy Oct 2010
0900 Italy GDP prelim yy Oct 2010 1000
EZ Eurostat trade nsa, EUR Dec 2010 1000 EZ
GDP flash estimate yy Oct 2010 1000 Germany
ZEW economic sentiment Feb 2011 1245 U.S.
ICSC chain stores yy Weekly 1330 U.S.
Import prices mm Jan 1330 U.S.
Retail sales mm Jan 1500 U.S.
Business inventories mm Dec China
CPI yy Jan 2011 China PPI yy
Jan 2011
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PRICES
Precious metals prices 0023 GMT
Metal Last Change Pct chg YTD pct chg Volume
Spot Gold 1362.10 0.43 +0.03 -4.04
Spot Silver 30.53 -0.06 -0.20 -1.07
Spot Platinum 1827.99 2.50 +0.14 3.42
Spot Palladium 830.00 -1.50 -0.18 3.81
TOCOM Gold 3663.00 16.00 +0.44 -1.77 17278
TOCOM Platinum 4956.00 29.00 +0.59 5.54 3486
TOCOM Silver 81.60 1.70 +2.13 0.74 693
TOCOM Palladium 2232.00 37.00 +1.69 6.44 161
COMEX GOLD APR1 1362.80 -2.30 -0.17 -4.12 1164
COMEX SILVER MAR1 30.54 0.01 +0.02 -1.29 388
Euro/Dollar 1.3483
Dollar/Yen 83.37
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)
Reuters
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