SINGAPORE, Jan 31 (Reuters) - Gold firmed on Monday, after
posting its biggest gains in eight weeks in the previous session
on safe-haven buying driven by fears that unrest in Egypt could
spread across the Middle East.
FUNDAMENTALS
* Spot gold rose $4.40 to $1,342.70 an ounce by 0039
after falling as low as $1,308 on Friday, its weakest since
early October 2010.
* U.S. gold futures for February was steady at
$1,341.4 an ounce, having ended up nearly 2 percent on Friday.
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust , said its holdings slipped to 1,224.118 tonnes
by Jan. 28, its lowest since May of last year, from 1,226.546
tonnes on Jan. 27.
* The United States led an international push on Sunday to
force President Hosni Mubarak to yield to Egyptians' demands for
democracy. But there was little sign the army was about to end
his 30-year rule -- just yet.
MARKET NEWS
* The U.S. dollar and yen edged higher against the euro in
early trade on Monday as investors sought safer havens amid
concerns that simmering tensions in Egypt might spread across
the Middle East.
* Japan's Nikkei fell on Monday, hit by a sharp drop in Wall
Street on Friday as anti-government rioting in Egypt prompted
investors to flee to less risky assets to ride out the turmoil.
DATA/EVENTS (GMT)
0430 Japan Govt oil demand, trade data Dec 0500
Japan Construction orders yy Dec 2010 0700
Germany Retail sales yy real Dec 2010 1000 EZ
Inflation, flash yy Jan 2011 1330 U.S. Personal
income mm Dec 1445 U.S. Chicago PMI Jan
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Precious metals prices 0039 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1342.70 4.40 +0.33 -5.41
Spot Silver 27.91 0.00 +0.00 -9.56
Spot Platinum 1799.24 6.74 +0.38 1.80
Spot Palladium 811.72 -1.78 -0.22 1.53
TOCOM Gold 3557.00 53.00 +1.51 -4.61 33475
TOCOM Platinum 4800.00 42.00 +0.88 2.21 5828
TOCOM Silver 74.70 3.90 +5.51 -7.78 1430
TOCOM Palladium 2144.00 20.00 +0.94 2.24 233
Euro/Dollar 1.3600
Dollar/Yen 82.09
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)
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