* Gold steadies as euro bounces against dollar
* Deadly attacks in India have yet to spur safe-haven
buying
* SPDR bullion holdings rise
(Updates prices)
SINGAPORE, Nov 27 (Reuters) - Gold was steady on Thursday
after the euro bounced against the U.S. dollar, but a series of
attacks in India's financial capital Mumbai which killed at
least 80 people has yet to ignite safe-haven buying.
Indian troops began moving into two five-star hotels on
Thursday where Western hostages were being held after the
attacks which came amid state elections, including in Kashmir.
[]
Gold <XAU=> was trading at $812.10 an ounce, up $0.35 an
ounce from New York's notional close on Wednesday. It rallied
to a six-week high of $830.10 on Tuesday but has since
struggled to sustain the uptrend due to volatile oil and
currency markets.
"Until we know more about who's involved, what their aims
and ambitions are, it may well be considered to be an isolated
incident," said Darren Heathcote of Investec of Investec
Australia in Sydney, referring to the attacks in India.
"Therefore, it's less likely to affect the rest of the
world, and therfore, the gold price," said Heathcote, adding
that gold was likely to stay in the current range of $770 to
$825.
Gold, which was often bought by investors in times of
uncertainty, was 21 percent below a record high of $1,030.80
struck in March but it has staged a dramatic rebound since
tumbling to a 13-month low of $680.80 in October.
India, the world's largest gold consumer, has suffered a
wave of bomb attacks in recent years. Most have been blamed on
Islamist militants, although police have also arrested
suspected Hindu extremists thought to be behind some of the
attacks.
The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust <GLD>, said it held758.12 tonnes of gold in
bank as of Nov 26, up 3.06 tonnes fromNov. 21. []
"I am not sure about the situation in India and how it may
affect gold. But from the gold charts, the ranges are narrowing
again, so I guess we may see a much clearer direction maybe
today or tomorrow," said a dealer in Singapore.
The euro firmed to $1.2900 <EUR=> after falling as low as
$1.2819 the previous session, partly on pessimistic views about
the impact of a European 200 billion euro stimulus plan on the
financial crisis. []
Trading is expected to stay subdued throughout the day with
U.S. markets closed for the Thanksgiving holiday.
Platinum <XPT=> was trading at $857.00 an ounce, up $3.50
from New York's notional close.
New York gold futures <GCZ8> added $3.0 an ounce to
$811.5.
Precious metals prices at 0130 GMT
Metal Last Change Pct chg YTD pct chg
Turnover
Spot Gold 812.10 0.35 +0.04 -2.47
Spot Silver 10.28 -0.01 -0.10 -30.40
Spot Platinum 857.00 3.50 +0.41 -43.62
Spot Palladium 190.50 1.00 +0.53 -48.23
TOCOM Gold 2482.00 18.00 +0.73 -18.89
9703
TOCOM Platinum 2629.00 -30.00 -1.13 -50.76
5783
TOCOM Silver 314.40 2.90 +0.93 -41.89
114
TOCOM Palladium 600.00 0.00 +0.00 -55.59
75
Euro/Dollar 1.2902
Dollar/Yen 95.40
TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Ben Tan)
