SINGAPORE, Nov 30 (Reuters) - Spot gold was steady on
Tuesday, supported by continued worries about the fiscal
health of euro zone nations.
FUNDAMENTALS
* Spot gold was little changed at $1,366.95 an
ounce by 0026 GMT.
* U.S. gold futures gained 0.1 percent to $1,368 an
ounce.
* The International Monetary Fund has slowed the rate of
selling its gold by 40 percent in October from the previous
month, as interest among central banks to own the metal
increased as a hedge against economic uncertainty.
[]
* The euro saw little reprieve early in Asia on Tuesday,
mired at two-month lows as investors gave the Irish rescue
package the thumbs down, believing other debt laden euro zone
members will also require aid at some point.
* Holdings in the SPDR Gold Trust , the world's
largest gold-backed exchange-traded fund, gained 1.519 tonnes
to 1,286.603 tonnes on Nov 29, after staying unchanged for a
week.
* Gold imports in India, the world's largest gold
consumer, were seen rising more than 10 percent on the year to
34 tonnes in November, helped by holiday season and investment
demand, a Reuters poll showed. []
* China approved the country's first mutual fund that bets
on gold prices, as inflation fears fuel demand for the
precious metal. []
MARKET NEWS
* U.S. stocks edged down in a low-volume session on Monday
on worries Europe's credit crisis will spread despite a
weekend agreement to bail out Ireland.
* Oil extended gains on Tuesday, after the cold snap
across Europe and frigid weather in North America helped lift
oil by two percent on Monday.
(GMT) DATA/EVENTS
0500 Japan Construction orders yy Oct
0530 India GDP fiscal Q2 0900 Germany Unemployment
rate sa Nov 1000 EZ Inflation, flash yy Nov
1000 EZ Unemployment Oct 1245 U.S.
ICSC chain stores yy Weekly 1355 U.S. Redbook mm
Weekly 1400 U.S. CaseShiller 20yy Sep
1445 U.S. Chicago PMI Nov 1500 U.S.
Consumer confidence Nov 1530 EZ ECB President
Trichet remarks before EU parliament 2000 U.S. Fed Chairman
Bernanke at Ohio Q&A forum
RELATED NEWS
> Markets doubtful as Germany, France say euro saved
> Euro zone 2011 growth to slow amid spending cuts
> U.S. Congress returns to work with long to-do list
> Euro zone Nov econ. sentiment up more than f'cast
> Canada current account gap grows as exports fall
> US regrets leaks, says will tighten security
> UK watchdog warns of slow recovery
> BOJ gov sees risks abroad but sticks to econ view
> Irish bailout fails to stir investors
> China c.bank official plays down FX inflow
worries
> World Bank chief says double-dip unlikely
> Stocks slip, dollar up as Irish bailout joy fades
> Swede rates may rise faster after record Q3
growth
PRICES
Precious metals prices at 0026 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1366.95 -1.14 -0.08 24.76
Spot Silver 27.23 0.11 +0.41 61.79
Spot Platinum 1639.24 -4.00 -0.24 11.74
Spot Palladium 693.00 4.00 +0.58 70.90
TOCOM Gold 3711.00 18.00 +0.49 13.87 24598
TOCOM Platinum 4486.00 -12.00 -0.27 2.40 4995
TOCOM Silver 74.10 1.40 +1.93 43.33 894
TOCOM Palladium 1881.00 48.00 +2.62 61.46 467
Euro/Dollar 1.3106
Dollar/Yen 84.15
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting By Rujun Shen; Editing by Himani Sarkar)
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