SINGAPORE, Dec 17 (Reuters) - Gold prices held steady on
Friday, after falling in the previous session as strong U.S.
economic drove away some safe-haven appeal of the metal, while
a drifting dollar lent support.
FUNDAMENTALS
* Spot gold was flat at $1,370.55 by 0034 GMT,
after dipping to $1,361.35 in the previous session to its
lowest since end of November.
* U.S. gold futures was little changed at $1,371.3.
* Two days of positive U.S. economic data took away some
of the safe-haven appeal of gold, just as the European Union
leaders hammered the plan to create a permanent financial
safety net.
* The U.S. economy showed new signs the recovery was
gaining traction, with data on Thursday that new claims for
jobless aid fell last week and factory activity in the
Mid-Atlantic region grew at its quickest pace in more than
5-1/2 years this month. []
* European Union leaders have agreed to create a permanent
financial safety net from 2013 and the European Central Bank
moved to increase its firepower to fight the debt crisis that
has rocked the euro zone. []
* Holdings in the SPDR Gold Trust, the world's largest
gold-backed exchange-traded fund, fell to a two-month low of
1,283.757 tonnes by Dec 16.
MARKET NEWS
* U.S. stocks, bucking a trend of late-day selloffs, ended
higher on Thursday as economic bellwether FedEx offered a
bullish profit outlook that augured well for broad growth.
* The dollar edged lower against a basket of currencies,
as the euro steadied after the EU agreement to set up a
permanent crisis management mechanism.
DATA/EVENTS (GMT)
1500 U.S. leading indicators for November
1530 U.S. ECRI weekly
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PRICES
Precious metals prices at 0034 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1370.55 0.09 +0.01 25.08
Spot Silver 28.88 0.01 +0.03 71.60
Spot Platinum 1687.24 -7.25 -0.43 15.01
Spot Palladium 738.47 1.97 +0.27 82.11
TOCOM Gold 3710.00 -47.00 -1.25 13.84 31314
TOCOM Platinum 4609.00 -31.00 -0.67 5.20 4285
TOCOM Silver 78.20 -0.80 -1.01 51.26 944
TOCOM Palladium 2008.00 -33.00 -1.62 72.36 269
Euro/Dollar 1.3241
Dollar/Yen 83.96
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting By Rujun Shen)
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