SINGAPORE, Dec 10(Reuters) - Spot gold held steady on
Thursday, as uncertainty in Ireland's debt problem resurfaced
and continued to support safe haven demand for bullion.
FUNDAMENTALS
* Spot gold was little changed at $1,387.76 an
ounce by 0042 GMT.
* U.S. gold futures lost 0.3 percent to $1,389 an
ounce.
* Ireland's debt woe continued to grab attention from
investors, as Fitch downgraded the country's rating, and the
opposition party said it would vote against the bailout
package. [][]
* The euro won some reprieve early in Asia on Friday,
having come under renewed pressure overnight following Fitch's
downgrade of Ireland's sovereign rating, while the dollar
sagged as strong demand at a 30-year Treasury bond auction
knocked yields lower.
* U.S. Treasuries rose in price on Thursday, retracing a
portion of a dramatic sell-off earlier this week, after an
auction of 30-year bonds was met with strong demand.
* The head of Coeur d'Alene Mines Corp , the
world's biggest silver miner, said gold and silver would
benefit from continuing economic uncertainty. []
* Holdings in the SPDR Gold Trust, the world's largest
gold-backed exchange-traded fund, continued to slip, down
1.518 tonnes to 1,293.778 tonnes by Dec 9.
* But holdings in iShares Silver Trust, the world's
largest silver-backed exchange-traded fund, stayed at its
all-time high at 10,941.34 tonnes.
* Spot silver edged up 0.2 percent to $28.76 an
ounce.
MARKET NEWS
* U.S. stocks edged up on Thursday, with the benchmark S&P
500 closing at a two-year high, a trend investors expect to
continue through the rest of the year.
(GMT) DATA/EVENTS
0200 China Prelim Commodity Trade Data Nov
0500 Japan Consumer confid. index Nov
0745 France Industrial output mm Oct
0900 Italy Industrial output yy WDA Oct
1300 U.S. Import prices mm Nov
1355 U.S. Reuters/UMich Sent Oct-F Dec-P
1530 U.S. ECRI index Weekly
1615 EZ ECB President Trichet in Spain for seminar
1900 U.S. Federal budget Nov
:: China Exports yy Nov
:: China Imports yy Nov
:: China Trade balance Nov
RELATED NEWS
> Democrats defy Obama, oppose US tax deal
> Banks lead Wall St higher; Nasdaq up for 7th day
> US recovery hopes supported by jobless claims
fall
> BoE keeps rates at 0.5 pct, makes no change to QE
> EU's Rehn-Euro zone needs coordinated action
> Oil rises on economic hopes, gasoline rally
> UK trade gap unexpectedly widens, may weigh on
GDP
> Bank of Canada says Europe debt crisis a key risk
> France jobs recovery weaker than first reported
> Brazil Q3 economy still hot but inflation looms
Precious metals prices at 0042 GMT
Metal Last Change Pct chg YTD pct chg
Turnover
Spot Gold 1387.76 0.37 +0.03 26.66
Spot Silver 28.76 0.06 +0.21 70.89
Spot Platinum 1680.24 4.25 +0.25 14.54
Spot Palladium 736.75 0.78 +0.11 81.69
TOCOM Gold 3747.00 -3.00 -0.08 14.97 20629
TOCOM Platinum 4581.00 -15.00 -0.33 4.57 3674
TOCOM Silver 77.80 0.30 +0.39 50.48 723
TOCOM Palladium 1994.00 3.00 +0.15 71.16 228
Euro/Dollar 1.3230
Dollar/Yen 83.76
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting By Rujun Shen; Editing by Ed Lane)
Reuters Terminal users can
see related news and prices by
double clicking on the
codes in brackets:
- All precious metals headlines
- Precious metals market reports
- Daily fixing
headlines
- Technical analysis
-
Indian gold reports
- European gold prices
<0#PREC>
- London interbank gold
forward rates <0#GOFO=>
- London silver forwards
- Gold lease rates <0#LGLR=>
-
London Bullion Market Association
- New York
Comex gold <0#GC:> and silver <0#SI:>
- New York
platinum <0#PL:> and palladium <0#PA:>
- Asian
gold prices <0#PREC>
- Australian
precious metals prices <0#AUPREC=>
- Shanghai Gold Exchange prices
-
Hong Kong gold exchange prices
- Hong
Kong bullion prices
- Indian bullion
prices <0#PREC-IN>
- Japanese producer prices
For Related News and other topics,
double click on one of
these
codes: SPEED GUIDES
))
