SINGAPORE, Nov 29 (Reuters) - Gold fell on Monday as a
firmer U.S. dollar dented the metal's appeal as an alternative
investment, with a weaker euro also putting additional pressure.
FUNDAMENTALS
* Spot gold eased $6.53 to $1,355.20 an
ounce by 0053 GMT, extending a 1 percent drop on Friday.
Bullion was below a lifetime high around $1,424 struck in
early November.
* U.S. gold futures fell $9 to $1,353.4 an ounce.
* The dollar briefly hit a two-month high against the yen
on Monday, extending a rise from Friday as an early bounce in
the euro following news of a rescue package for Ireland faded
and gave the greenback a lift.
* The world's largest silver-backed exchange-traded fund,
iShares Silver Trust , said its holdings slipped to
10,711.23 tonnes by Nov. 26 from an all-time high of
10,893.68 tonnes by Nov 23. []
MARKET NEWS
* Japan's Nikkei share average edged up 0.5 percent on
Monday after the dollar hit a fresh two-month high against the
yen, lending support to shares of exporters.
* Oil rose to $84 on Monday after the European Union
approved a rescue for Ireland and outlined a permanent system
to resolve the euro zone's debt crisis, instilling some
confidence that energy demand growth will remain resilient
next year.
(GMT) DATA/EVENTS 1000 EZ business climate
Nov
1000 EZ economic sentiment Nov
2300 S.Korea industrial output yy Oct
2350 Japan industrial output prelim Oct
2350 Japan IP forecast 1 mth ahead Oct
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Precious metals prices at 0053 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1355.20 -6.53 -0.48 23.68
Spot Silver 26.52 -0.14 -0.53 57.58
Spot Platinum 1630.99 -14.01 -0.85 11.18
Spot Palladium 669.25 -4.75 -0.70 65.04
TOCOM Gold 3675.00 -25.00 -0.68 12.76 28727
TOCOM Platinum 4458.00 -11.00 -0.25 1.76 4505
TOCOM Silver 71.90 -1.90 -2.57 39.07 1015
TOCOM Palladium 1811.00 -43.00 -2.32 55.45 494
Euro/Dollar 1.3203
Dollar/Yen 84.10
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)
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