SINGAPORE, Feb 28 (Reuters) - Spot gold inched higher on
Monday, extending gains in the previous session, as fears of
violent unrest in Libya continued to boost safe-haven demand.
FUNDAMENTALS
* Spot gold edged up 0.3 percent at $1,413.49 an
ounce by 0027 GMT. Gold was on course for a 6.2 percent monthly
gain, its biggest since November 2009.
* The most active U.S. gold futures contract crawled
up 0.4 percent at $1,414.50.
* U.S. crude oil futures rose more than $2 to as high as
$99.96 a barrel amid worries about the worsening situation in
Libya.
* Take a look at stories on unrest in Libya, Middle East and
North Africa:
* North Korea warned that it would attack South Korea if
Seoul continues a recent campaign of dropping leaflets about
democracy protests in the Middle East.
* Holdings in the SPDR Gold Trust, the world's largest
gold-backed exchange-traded fund, remain unchanged at a
nine-month low at 1,211.568 tonnes.
MARKET NEWS
* U.S. stocks rose on Friday, bouncing back from a three-day
sell-off as oil prices stabilized, but unease over the Libyan
rebellion could be enough to keep buying in check.
* The dollar found a steadier footing early in Asia on
Monday and crawled off a record low versus the Swiss franc as
risk appetite made a tentative comeback, but the mood remained
cautious given ongoing tensions in Libya and fears of contagion.
DATA/EVENTS (GMT)
0500 Japan Construction orders yy Jan 2011
0530 India QUARTERLY GDP yy Oct 2010
1000 EZ Inflation, final yy Jan 2011 1330
U.S. Personal income mm Jan 1445
U.S. Chicago PMI Feb
RELATED NEWS
> Saudi raises oil output as Libya exports disrupted
> Wall St rebounds from sell-off, but down for week
> Brent crude above $112, Saudi output limits gain
> Gaddafi vows to fight as opposition closes in
> Fed officials play down oil price risks
> US economic growth trimmed, consumers more upbeat
> Weak money growth adds to ECB rate conundrum
> Boost to Canada budget from oil limited-Flaherty
> Euro zone leading economic index rise slows in Jan
> German inflation holds at multiyear high in Feb
> UK Q4 economy shrank more than first thought
> China to grow 9 pct for next 5 yrs-cenbank adviser
PRICES
Precious metals prices 0027 GMT
Metal Last Change Pct chg YTD pct chg Volume
Spot Gold 1413.49 4.34 +0.31 -0.42
Spot Silver 33.54 0.23 +0.69 8.68
Spot Platinum 1812.24 8.74 +0.48 2.53
Spot Palladium 789.22 3.82 +0.49 -1.29
TOCOM Gold 3723.00 2.00 +0.05 -0.16 23347
TOCOM Platinum 4826.00 35.00 +0.73 2.77 5723
TOCOM Silver 87.40 2.00 +2.34 7.90 722
TOCOM Palladium 2081.00 9.00 +0.43 -0.76 177
COMEX GOLD APR1 1414.50 5.20 +0.37 -0.49 3552
COMEX SILVER MAR1 33.53 0.63 +1.91 8.35 216
Euro/Dollar 1.3717
Dollar/Yen 81.64
TOCOM prices in yen per gram. Spot prices in $ per ounce.
COMEX gold and silver contracts show the most active months
(Reporting By Rujun Shen; Editing by Ed Lane)
Reuters
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