SINGAPORE, Feb 3 (Reuters) - Gold fell further on Thursday
after better-than-expected U.S. jobs data dented its safe haven
appeal, but firm oil prices could offer some support in an
otherwise thin market.
FUNDAMENTALS
* Spot gold fell $2.19 to $1,333.81 an ounce by 0029
GMT after falling 0.5 percent in the previous session despite
tension in Egypt. Markets in Singapore, Hong Kong and China are
closed for the Lunar New Year.
* U.S. gold futures for April added $2 to $1,334.1
an ounce, having settled more than $8 lower.
* U.S. private employers added more jobs than expected in
January, the 12th consecutive month that companies took on
staff, adding to hopes that the weak American labor market is
slowly recovering.
* The United States said on Wednesday Egyptian President
Hosni Mubarak must take concrete steps toward democratic
elections at once but stopped short of calling on him to step
down immediately.
MARKET NEWS
* Oil prices rose on Wednesday as worries persisted that
upheaval in Egypt could spread across the Middle East and North
Africa, source of a third of the world's supply of crude.
* U.S. stocks stalled on Wednesday as technical measures
suggested a five-month rally was growing long in the tooth.
DATA/EVENTS (GMT)
0858 EZ Markit Services PMI Jan 2011 1245
EZ ECB rate Decision Feb 2011 1330 U.S. USDA
grain exports Weekly 1530 U.S. EIA natural gas
stocks Weekly
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Precious metals prices 0029 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1333.81 -2.19 -0.16 -6.03
Spot Silver 28.31 -0.05 -0.18 -8.26
Spot Platinum 1823.99 -6.00 -0.33 3.20
Spot Palladium 811.47 0.25 +0.03 1.50
TOCOM Gold 3513.00 -7.00 -0.20 -5.79 17534
TOCOM Platinum 4836.00 -9.00 -0.19 2.98 3135
TOCOM Silver 74.40 -0.20 -0.27 -8.15 237
TOCOM Palladium 2143.00 -20.00 -0.92 2.19 274
Euro/Dollar 1.3806
Dollar/Yen 81.56
TOCOM prices in yen per gram. Spot prices in
$ per ounce.
(Reporting by Lewa Pardomuan; Editing by)
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