* Equities and dollar eyed as risk appetite gauges
* SPDR Gold ETF holdings flat, iShares Silver Trust inches up
By Chikako Mogi
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.
The market's recovery from three-month lows hit last week has
been limited due to technical selling and fund liquidation amid
an uncertain economic outlook.
Concerns about the fiscal stability of Greece, Portugal and
Spain have rattled global markets over the last two weeks.
"As long as money is flowing out of risk assets such as
commodities into the dollar, commodities are likely to remain
top-heavy," Yuichi Ikemizu, Tokyo branch manager for Standard
Bank, said in a report.
"It will likely be a quiet day, with investors keeping their
eyes on stocks and the dollar," he said.
Spot gold <XAU=> was at $1,063.50 per ounce as of 0138 GMT,
up 0.1 percent 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 $1,064.10 per ounce, compared to $1,066.20 on the COMEX
division of NYMEX.
The benchmark Nikkei <> was down 0.5 percent at 9,897.66
on Tuesday, after falling as low as 9,867.39 earlier in the day,
its lowest since Dec. 10. []
The Dow 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 steadied on Tuesday after drifting lower the day
before. []
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 holdings rose late last week for the first time since
late December, suggesting investor demand was firm at lower price
levels.
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. []
Precious metals prices at 0138 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1063.70 0.90 +0.08 -2.92
Spot Silver 15.01 0.03 +0.20 -10.81
Spot Platinum 1469.00 -3.00 -0.20 0.14
Spot Palladium 403.75 -0.25 -0.06 -0.43
TOCOM Gold 3064.00 -8.00 -0.26 -5.98 32233
TOCOM Platinum 4210.00 -17.00 -0.40 -3.90 8532
TOCOM Silver 43.70 -0.30 -0.68 -15.47 273
TOCOM Palladium 1147.00 4.00 +0.35 -1.55 212
Euro/Dollar 1.3658
Dollar/Yen 89.27
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Editing by Joseph Radford)
