SINGAPORE, Dec 28 (Reuters) - Spot gold edged higher on
Tuesday, as the dollar fell nearly half a percent in thin
year-end trade, and strong demand is expected to lend support
to the bullion into the new year.
FUNDAMENTALS
* Spot gold inched up 0.2 percent to $1,386.30 an
ounce by 0018 GMT.
* U.S. gold futures climbed 0.3 percent to $1,386.8
an ounce.
* Non-commercial net long positions in U.S. gold futures
decreased to 206,424 lots by Dec. 21, down six percent from a
week earlier. []
* Spot silver gained 0.4 percent to $29.37, up 75
percent so far this year. It is the second best-performing of
the complex, just after palladium, which is on course for a
90-percent gain in 2010.
* Trade is expected to remain thin in the last week of the
year, which may exaggerate price moves.
* The dollar fell nearly half a percent against a basket
of currencies .
* The Conference Board leading economic index (LEI) for
the euro zone rose 0.7 percent to 114.3 in November, a sharper
rise than October's 0.3 percent and one that points to
continued economic recovery.[]
MARKET NEWS
* Wall Street erased earlier losses and ended little
changed on Monday as investors shrugged off a surprise weekend
interest rate hike from China's central bank.
* Crude oil <CLc1> was steady, after it retreated from a
26-month high of $91.88 a barrel in the previous session.
(GMT) DATA/EVENTS
1245 U.S. ICSC chain stores yy Weekly
1355 U.S. Redbook mm Weekly
1500 U.S. CaseShiller 20 mm NSA Oct
1500 U.S. CaseShiller 20yy Oct
1500 U.S. Consumer confidence Dec
1500 U.S. Richmond Fed mfg Dec
RELATED NEWS
> Blizzard chills end of US holiday shopping season
> Wall Street ends flat, China hike shrugged off
> Obama to delay 2012 budget by about week-official
> China vows lending control to tame inflation
> Euro zone economic index rises in November
> Oil dips after 26-month high, China rates weigh
> Japan ruling party presses powerbroker, may split
> Khodorkovsky found guilty in test for Russia
> Basel Committee seeks rules on bank pay
> Swiss govt, bankers discuss franc strength-paper
PRICES
Precious metals prices at 0018 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1386.30 2.70 +0.20 26.52
Spot Silver 29.37 0.11 +0.38 74.51
Spot Platinum 1736.50 5.00 +0.29 18.37
Spot Palladium 767.25 0.75 +0.10 89.21
TOCOM Gold 3698.00 -2.00 -0.05 13.47 9000
TOCOM Platinum 4684.00 8.00 +0.17 6.92 2891
TOCOM Silver 78.60 0.40 +0.51 52.03 294
TOCOM Palladium 2058.00 17.00 +0.83 76.65 215
Euro/Dollar 1.3224
Dollar/Yen 82.66
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting By Rujun Shen; Editing by Himani Sarkar)
Reuters Terminal users can
see related news and prices by
double clicking on the
codes in brackets:
- All precious metals headlines
- Precious metals market reports
- Daily fixing
headlines
- Technical analysis
-
Indian gold reports
- European gold prices
<0#PREC>
- London interbank gold
forward rates <0#GOFO=>
- London silver forwards
- Gold lease rates <0#LGLR=>
-
London Bullion Market Association
- New York
Comex gold <0#GC:> and silver <0#SI:>
- New York
platinum <0#PL:> and palladium <0#PA:>
- Asian
gold prices <0#PREC>
- Australian
precious metals prices <0#AUPREC=>
- Shanghai Gold Exchange prices
-
Hong Kong gold exchange prices
- Hong
Kong bullion prices
- Indian bullion
prices <0#PREC-IN>
- Japanese producer prices
For Related News and other topics,
double click on one of
these
codes: SPEED GUIDES
))
