TOKYO, Nov 17 (Reuters) - Gold held near $1,140 per ounce on
Tuesday, within striking distance of record highs hit the
previous day, as investors kept a bullish view on bullion as an
alternative to the dollar which is expected to remain weak.
FUNDAMENTALS
* Spot gold <XAU=> was at $1,138.90 per ounce as of 2340 GMT,
little changed from New York's notional close of $1,139.05. On
Monday, spot gold <XAU=> reached a record $1,143.25 an ounce.
* U.S. gold futures for December delivery <GCZ9> were also
steady at $1,139.40 an ounce, compared to $1,139.20 an ounce on
the COMEX division of NYMEX. Futures also hit a record high of
$1,144.20 on Monday.
* Gains in gold spurred interest in other precious metals,
with platinum, palladium, silver and rhodium all hitting their
strongest levels in more than a year on Monday. In early Tuesday
trade in Asia, platinum rose as high as $1,451.50 <XPT=>,
matching its highest since September 2008 hit the day before.
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings stood at 1,113.833 tonnes as
of Nov. 16, unchanged from the previous business day. []
MARKET NEWS
* U.S. stocks rose broadly on Monday, sending indexes to
fresh 13-month closing highs, after Federal Reserve Chairman Ben
Bernanke reinforced expectations that interest rates would stay
low to spur growth. []
* The dollar was off 15-month lows but still on the defensive
in Asia on Tuesday, after falling the previous day when a rise in
U.S. retail sales failed to change the outlook for low U.S.
interest rates and disagreement among Asian and U.S. leaders on
exchange rates weakened the greenback. []
DATA EVENTS
* The following data is expected on Tuesday: <ECON>
- U.S. President Barack Obama and Chinese President Hu Jintao
make statements. (0415 GMT)
- UK inflation for October. (0930 GMT)
- Euro zone trade balance for September. (1000 GMT)
- Federal Reserve Bank of San Francisco President Janet
Yellen speaks in Hong Kong. (1030 GMT)
- ICSC/Goldman Sachs weekly U.S. chain store sales. (1245
GMT)
- U.S. PPI/core PPI for October. (1330 GMT)
- Redbook weekly U.S. retail sales. (1355 GMT)
- U.S. industrial production for October. (1415 GMT)
- Federal Reserve Bank of Richmond President Jeffrey Lacker
speaks. (1515 GMT)
- U.S. Treasury Secretary Timothy Geithner testifies. (1930
GMT)
RELATED NEWS
>Gold hits record above $1,140/oz as dollar slips []
>Fed eyes dollar drop but hews to low-rate pledge[]
>US retail sales up on autos, manufacturing slows[]
>BlackRock says c.banks to be net buyers of gold []
>Oil settles up 3 pct on dollar, US consumer data []
PRICES
Precious metals prices at 2345 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1137.90 -$1.15 -0.10% +26.86% $860.10 78
Spot silver $18.31 -$0.05 -0.27% +52.84% $11.29 69
Spot plat $1442.50 $1.50 +0.10% +3.78% $1355.17 76
COMEX gold $1140.00 $0.90 +0.08% +1.77% $1074.37 84
TOCOM gold 3,256 -5 -0.15% +1.65% 3,133 69
TOCOM plat 4,104 46 +1.13% +4.59% 3,943 72
Currencies
Euro/dlr $1.498 $0.001 +0.09% +0.38%
Dlr/yen 88.98 -0.14 -0.16% -0.69%
(Reporting by Chikako Mogi; Editing by Joseph Radford)
