SINGAPORE, Dec 21 (Reuters) - Gold barely changed on
Tuesday after rising around 1 percent in the previous session,
with euro zone debt worries likely to be the main supporting
factor after tensions in the Korean peninsula eased.
FUNDAMENTALS
* Spot gold eased 35 cents to $1,384.55 an ounce by
0030 GMT after rising as high as $1,388.05 an ounce on Monday.
Gold was well below a historical high of around $1,430 hit
earlier this month.
* U.S. gold futures for February hardly moved at
$1,385.2 an ounce.
* The euro remained on the defensive on Tuesday, barely
clinging to its 200-day moving average on simmering fears that
some euro zone countries and banks could face more borrowing
strains.
* North Korea stepped back from confrontation over
"reckless" military drills by the South on Monday and
reportedly issued a new offer on nuclear inspections, drawing
a cautious response from Seoul and Washington. []
MARKET NEWS
* Japan's Nikkei average rose 0.6 percent on Tuesday as
investors hunted for bargains in recent decliners, but volume
was expected to stay low due to an absence of foreign
participants before the Christmas holidays.
* Oil prices rose a second straight session on Monday,
lifted by strong gasoline futures ahead of expected holiday
demand and also by cold weather, which supported heating oil
futures.
(GMT) DATA/EVENTS
2350 Japan Trade data Nov
0000 Japan BoJ Rate announcement
1245 U.S. ICSC chain stores yy Weekly
1355 U.S. Redbook mm Weekly
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Precious metals prices at 0030 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1384.55 -0.35 -0.03 26.36
Spot Silver 29.23 -0.10 -0.34 73.68
Spot Platinum 1707.00 15.00 +0.89 16.36
Spot Palladium 740.97 0.97 +0.13 82.73
TOCOM Gold 3739.00 -5.00 -0.13 14.73 11274
TOCOM Platinum 4645.00 2.00 +0.04 6.03 2355
TOCOM Silver 79.00 -0.20 -0.25 52.80 641
TOCOM Palladium 2010.00 -6.00 -0.30 72.53 176
Euro/Dollar 1.3122
Dollar/Yen 83.75
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)
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