SINGAPORE, Feb 11 (Reuters) - Gold regained strength on
Friday after falling slightly in the previous session, but a
drop in ETF holdings to their lowest since late January and a
firm U.S. dollar could cap gains.
FUNDAMENTALS
* Spot gold added $1.91 an ounce to $1,364.81 an
ounce by 0046 GMT, well below a lifetime high around $1,430 an
ounce hit in December.
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust , said its holdings slipped to 1,225.526 tonnes
by Feb. 10, their lowest since late January, from 1,226.436
tonnes on Feb. 9.
* U.S. gold futures for April rose $2.9 an ounce to
$1,365.5 an ounce.
* President Hosni Mubarak provoked rage on Egypt's streets
on Thursday when he said he would hand over powers to his deputy
but refused to step down after more than two weeks of protests
demanding that he quit.
MARKET NEWS
* The U.S. dollar drifted higher early in Asia on Friday,
having made solid gains overnight as renewed jitters about the
euro zone debt crisis weighed on the common currency.
* The S&P and Nasdaq eked out gains in the final minutes of
trading on Thursday as Egyptian President Hosni Mubarak said he
would delegate powers to the vice president, though he stopped
short of resigning/
DATA/EVENTS
0530 India Industrial Output y/y Dec 2010
1130 India M3 Money Supply 40585
1330 U.S. International Trade Dec 2010
1455 U.S. Reuters/U. Mich Sentiment Feb
1400 USDA Wheat/feed outlooks
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Precious metals prices 0046 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1364.81 1.91 +0.14 -3.85
Spot Silver 30.16 -0.03 -0.10 -2.27
Spot Platinum 1830.99 6.24 +0.34 3.59
Spot Palladium 820.75 0.50 +0.06 2.66
TOCOM Gold 3656.00 27.00 +0.74 -1.96 16840
TOCOM Platinum 4931.00 -16.00 -0.32 5.00 4371
TOCOM Silver 80.60 0.70 +0.88 -0.49 479
TOCOM Palladium 2197.00 -3.00 -0.14 4.77 192
Euro/Dollar 1.3614
Dollar/Yen 83.26
TOCOM prices in yen per gram. Spot prices in
$ per ounce.
(Reporting by Lewa Pardomuan; Editing by Manash Goswami)
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