SINGAPORE, Nov 15 (Reuters) - Spot gold gained half a
percent on Monday, after falling three percent in the previous
session on talk of an imminent interest rate hike by China that
triggered a broad commodities decline.
FUNDAMENTALS
* Spot gold <XAU=> rose by 0.5 percent to $1,373.15 an
ounce by 0012 GMT, after posting its sharpest daily decline in
four months on Friday.
* China stocks fell more than five percent on Friday for
their biggest percentage loss in over a year, while global
stocks, bonds and commodities also on the rate hike fear.
[] []
* U.S. gold futures <GCZ0> gained 0.5 percent to $1,373.2.
* The dollar edged lower against a basket of currencies
<.DXY>, and the confusion over aid for Ireland and concerns
about a prospective tightening in China kept the euro and
higher-yielding currencies on the defensive. []
* Ireland did not rule out the possibility that it may have
to turn to Europe for help in dealing with its debt crisis on
Sunday, but said that no application had been made for
assistance yet. []
* Holdings in the world's largest gold-backed
exchange-backed fund, SPDR Gold Trust <GLD>, remained unchanged
at 1,290.855 tonnes. []
* Vietnam has abolished the import duty on gold in another
effort to cool domestic prices of the metal after it has
granted gold import quotas earlier in the week, a state-run
newspaper reported. []
* Spot silver <XAG=> gained 0.6 percent to $26.14, after
falling to a one-week low of $25.80 on Friday.
MARKET NEWS
* Wall Street ended a five-week winning steak on Friday as
the threat of rising interest rates in China prompted investors
to book profits and reassess bullish positions in equities.
[]
DATA/EVENTS
0430 Japan Industrial output rev Sep <JPIP4=ECI>
1000 EZ Eurostat trade, EUR Sep <EUTBAL=ECI>
1330 U.S. Retail sales mm Oct <USRSL=ECI>
1500 U.S. Business Inventories mm Sep <USBINV=ECI>
:: China FDI (ytd) Oct <CNFDI=ECI>
:: EZ Week-long Euro Finance week begins in Frankfurt
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PRICES
Precious metals prices at 0012 GMT
Metal Last Change Pct chg YTD pct chg
Turnover
Spot Gold 1373.15 6.80 +0.50 25.32
Spot Silver 26.14 0.15 +0.58 55.32
Spot Platinum 1684.24 5.24 +0.31 14.81
Spot Palladium 677.72 2.22 +0.33 67.13
TOCOM Gold 3648.00 -36.00 -0.98 11.94
47788
TOCOM Platinum 4517.00 -78.00 -1.70 3.10
9709
TOCOM Silver 69.50 -1.80 -2.52 34.43
1781
TOCOM Palladium 1805.00 -38.00 -2.06 54.94
814
Euro/Dollar 1.3707
Dollar/Yen 82.39
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Rujun Shen; Editing by Ed Lane)