TOKYO, Feb 9 (Reuters) - Gold prices steadied above $1,060 on
Tuesday, but sentiment continued to be hurt by worries over
fiscal stability in Europe, curbing appetite for riskier assets
such as commodities.
FUNDAMENTALS
* Spot gold <XAU=> was at $1,062.50 per ounce, little changed
from New York's notional close of $1,062.80.
* On Friday, spot gold traded as low as $1,043.75, its lowest
since Nov. 2, as the euro fell on fears over the outlook for some
euro zone economies.
* U.S. gold futures for April delivery <GCJ0> eased 0.2
percent to $1,064.20 per ounce, compared to $1,066.20 on the
COMEX division of NYMEX.
* Gold prices eased on Monday, weighed down by technical
selling and fund liquidation amid uncertain economic sentiment.
Concerns about the fiscal stability of Greece, Portugal and Spain
have rattled global markets over the last two weeks.
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings were at 1,106.378 tonnes as
of Feb. 8, unchanged from the previous business day. The holdings
hit a record high of 1,134.03 tonnes on June 1. []
* The world's largest silver-backed exchange-traded fund, the
iShares Silver Trust <SLV>, said its silver holdings stood at
9,397.56 tonnes as of Feb. 8, up 0.5 percent or 45.79 tonnes from
the previous business day. []
MARKET NEWS
* The Dow industrials closed below 10,000 for the first time
since November on Monday as investors sold bank shares due to
heightened concerns about the euro zone's sovereign debt
troubles. []
* The dollar drifted lower on Tuesday, but was steady against
the euro, with investors still worried about the fiscal health of
euro zone members Greece, Portugal and Spain. []
DATA EVENTS
* The following data is expected on Tuesday: <ECON>
- German CPI data for December. (0700 GMT)
- UK trade balance for December. (0930 GMT)
- ICSC/Goldman Sachs Weekly US chain store sales. (1245 GMT)
- Redbook weekly US retail sales. (1355 GMT)
- US wholesale inventories and sales for December. (1500 GMT)
RELATED NEWS
> Gold eases on fund liquidation, weak sentiment []
> Randgold, Harmony profit lifted by gold prices []
> Greece haunts investors,European shares reverse[]
> ETF Sec plans precious metals basket trust []
PRICES
Precious metals prices at 2348 GMT
Metal Last Change Pct chg 2 Day chg MA 30 RSI
Spot gold $1063.10 $0.30 +0.03% -8.19% $1109.03 32
Spot silver $14.99 $0.01 +0.07% -17.55% $17.28 19
Spot plat $1474.00 $2.00 +0.14% -0.37% $1545.47 33
COMEX gold $1063.40 $0.70 +0.07% +1.05% $1110.10 36
TOCOM gold 3,069 -3 -0.10% -0.20% 3,247 29
TOCOM plat 4,216 -11 -0.26% -0.89% 4,516 31
Currencies
Euro/dlr $1.366 $0.001 +0.06% -0.07%
Dlr/yen 89.21 -0.06 -0.07% -0.28%
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Chikako Mogi; Editing by Edwina Gibbs)
