TOKYO, Oct 5 (Reuters) - Gold stayed above $1,000 per ounce
on Monday as the dollar remained pressured after last week's jobs
data pushed the currency down broadly on concerns the U.S.
economic recovery may not be as robust as previously thought.
FUNDAMENTALS
* Gold <XAU=> inched up 0.1 percent to $1,002.35 per ounce as
of 2333 GMT, after posting a weekly gain of 1 percent last week.
* The precious metal reclaimed the $1,000-an-ounce level
after a choppy session on Friday when the greenback fell in
response to U.S. employers cutting more jobs than expected in
September, sending the unemployment rate to a 26-year high of 9.8
percent.
* U.S. gold futures for December delivery <GCZ9> eased 0.1
percent to $1,003.6 per ounce, compared to $1,004.30 an ounce on
the COMEX division of the New York Mercantile Exchange. The
December contract had hit a low $987 an ounce on Friday.
* The non-commercial net long position in gold futures on the
COMEX division of the New York Mercantile Exchange eased to
231,386 lots for the week ended Sept. 29 from an all-time high of
236,749 lots the week before, figures from the Commodity Futures
Trading Commission showed. []
* The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust <GLD>, said its holdings stood at 1,096.548
tonnes as of Oct. 4, up 0.1 percent or 1.221 tonnes from the
previous business day. <XAUEXT-NYS-TT> []
* The world's largest silver-backed exchange-traded fund, the
iShares Silver Trust <SLV>, said its bullion holdings nudged down
3.53 tonnes, or 0.04 percent, from the previous day to 8,594.22
tonnes on Friday, the lowest level since late May. []
MARKET NEWS
* U.S. stocks fell for the fourth straight day on Friday on
the weak jobs data. []
* The dollar remained pressured on Monday after falling
against most major currencies on Friday. []
* Finance ministers from the Group of Seven industrialised
nations said at a meeting in Istanbul at the weekend that too
much volatility in the forex market could hurt the global economy
and financial system. []
DATA EVENTS
* The following data is expected on Monday: <ECON>
- Germany Sept final services PMI. (0753 GMT)
- Euro zone Sept final services PMI. (0758 GMT)
- UK SEPT SERVICES PMI. (0828 GMT)
- Euro zone Oct Sentix index. (0830 GMT)
- Euro zone August retail sales. (0900 GMT)
- U.S. ISM non-manufacturing for September. (1400 GMT)
- U.S. employment trend index for September. (1400 GMT)
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PRICES
Precious metals prices at 2337 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1000.80 -$0.50 -0.05% +11.57% $860.10 53
Spot silver $16.08 -$0.04 -0.25% +34.22% $11.29 42
Spot plat $1281.50 $3.50 +0.27% +0.27% $1292.23 46
COMEX gold $1002.20 -$2.10 -0.21% +0.15% $989.47 54
TOCOM gold 2,875 -15 -0.52% -1.51% 2,924 43
TOCOM plat 3,665 -29 -0.79% -1.77% 3,773 39
Currencies
Euro/dlr $1.459 $0.000 -0.01% +0.14%
Dlr/yen 89.65 0.24 +0.27% -0.16%
(Reporting by Chikako Mogi)
