TOKYO, April 13 (Reuters) - Spot gold was little changed on
Tuesday after a round of physical selling pulled down the
precious metal from a four-month high the previous day.
FUNDAMENTALS
* Spot gold <XAU=> stood at $1,155.25 per ounce at 0001 GMT
compared with New York's notional close of $1,155.00.
* On Monday, gold rose as high as $1,168.70 an ounce, its
highest since Dec. 4, initially helped by a rally in the euro
against the dollar. But it later eased as physical demand for the
precious metal failed to follow suit.
* Gold prices have recently been supported by investors
fleeing to safety amid lingering concerns about Europe's
financial stability, symbolised by Greece's debt crisis.
* U.S. gold futures for June delivery <GCM0> fell 0.6 percent
to $1,155.50 per ounce compared with Monday's settlement of
$1,162.20 on the COMEX division of the New York Mercantile
Exchange.
* The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust <GLD>, said its holdings totalled 1,141.041
tonnes as of April 12, unchanged from an all-time high marked the
previous business day. []
* Spot palladium <XPD=> was almost flat at $516.75 per ounce,
off a two-year high of $522.50 marked the previous day. Spot
platinum <XPT=> inched down to $1,719.00. It reached a 20-month
high of $1,736.50 on Monday.
* Silver <XAG=> edged up to $18.21. It hit a three-month high
of $18.58 on Monday.
MARKET NEWS
* The euro was little changed on Tuesday after marking its
highest level against the dollar in nearly a month the previous
day after euro zone finance ministers agreed on a financial aid
package for Greece. []
* Goldman Sachs cut its 2010 gold forecast on Monday, citing
a rise in real interest rates, but said it still sees the metal
at record highs next year. []
* The Dow industrials closed above 11,000 for the first time
in almost 19 months on Monday as expectations of solid
first-quarter earnings spurred buying in financial, energy and
industrial sectors. []
* Tokyo's Nikkei stock average was down 0.8 percent on
Tuesday. []
* Oil prices <CLc1> fell towards $84 a barrel on Monday as
concerns about U.S. demand and inventory levels outweighed early
support from strong Chinese crude imports and a weak dollar.
[]
DATA EVENTS
* The following data is expected on Tuesday: <ECON>
- Japan March corporate goods price index (2350 GMT)
- Germany final March inflation (0600 GMT)
- France final March inflation (0645 GMT)
- UK Feb trade data (0830 GMT)
- U.S. international trade for Feb (1230 GMT)
- U.S. import/export prices for March (1230 GMT)
- Redbook weekly U.S. retail sales (1255 GMT)
- U.S. Treasury Secretary Geithner speaks (1645 GMT)
RELATED NEWS
>Gold flat despite euro gains; lacks demand []
>Gold, soft help broad rise in commodities []
>Gammon Gold Q1 output falls; share rise []
>India's Mar gold ETF volumes up 94 pct []
>Rohdium prices hit highest since Oct 2008 []
PRICES
Precious metals prices at 0028 GMT
Metal Last Change Pct chg 2 Day chg MA 30 RSI
Spot gold $1154.90 -$0.10 -0.01% -0.26% $1121.27 71
Spot silver $18.18 -$0.01 -0.05% +0.00% $17.38 66
Spot plat $1719.00 -$1.00 -0.06% +1.48% $1630.68 83
TOCOM gold 3,460 -38 -1.09% -0.43% 3,327 67
TOCOM plat 5,123 -29 -0.56% -0.39% 4,843 71
Currencies
Euro/dlr $1.358 -$0.001 -0.06% -0.35%
Dlr/yen 92.92 -0.29 -0.31% -0.25%
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Risa Maeda)
