SINGAPORE, April 8 (Reuters) - Gold hardly moved on Friday
after striking another record in the previous session, while
silver could rise to a new high after ETF holdings rose to an
all-time high as inflation worries lingered.
FUNDAMENTALS
* Spot gold eased 60 cents to $1,456.85 an ounce by
0046 GMT after rising to a record around $1,464 an ounce on
Thursday on inflation concerns and expectations the European
Central Bank's first rate hike since the 2008 financial crisis
could weaken the dollar.
* Spot silver was steady at $39.54 an ounce, within
sight of a 31-year peak of $39.75 struck on Wednesday.
* IShares Silver Trust said its holdings hit another
record at 11,192.80 tonnes by April 7 from 11,162.45 tonnes on
April 4. []
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust , said its holdings rose to 1,217.209 tonnes by
April 7, their highest since mid-March, from 1,205.467 tonnes on
April 6.
* U.S. gold futures for June fell $1.1 to $1.458.2 an
ounce.
MARKET NEWS
* The broad selloff in the yen stalled early in Asia on
Friday as investors took profit on short positions following a
major aftershock in northeast Japan, while comments from the
European Central Bank head saw the euro retreat from 14-month
highs.
* The Nikkei average slipped on Friday after a major
earthquake rocked northeast Japan the night before, sending Wall
Street lower, but losses were seen limited as the quake did not
trigger a tsunami and there was no further damage to a crippled
nuclear power plant.
* Oil prices ended at 2-1/2-year highs on Thursday as supply
worries tied to fighting in Libya and Middle East turmoil
overshadowed demand concerns spurred by a boost in euro zone
interest rates and as a major aftershock struck Japan.
DATA EVENTS (GMT)
1130 India M3 Money Supply Final 40641
Precious metals prices 0046 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1456.85 -0.60 -0.04 2.63
Spot Silver 39.54 0.03 +0.08 28.13
Spot Platinum 1780.74 -0.36 -0.02 0.75
Spot Palladium 765.97 -9.06 -1.17 -4.19
TOCOM Gold 3995.00 1.00 +0.03 7.13 32773
TOCOM Platinum 4899.00 7.00 +0.14 4.32 7464
TOCOM Silver 108.00 0.40 +0.37 33.33 552
TOCOM Palladium 2106.00 -20.00 -0.94 0.43 274
Euro/Dollar 1.4305
Dollar/Yen 85.07
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)
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