SINGAPORE, Jan 13 (Reuters) - Gold eased on Thursday after
rising to its strongest in a week in the previous session as
strong demand for Portugal's bond sale eased concern over the
debt crisis in Europe.
FUNDAMENTALS
* Spot gold fell 72 cents to $1,386.50 an ounce by
0040 GMT after rising as high as $1,388.90 on Wednesday as the
U.S. dollar dropped against the euro.
* U.S. gold futures for February hardly moved at
$1,385.5 an ounce.
MARKET NEWS
* The euro traded at one-week highs early in Asia on
Thursday after a breach of its 200-day moving average sent
bears scrambling to cover short positions, though further
gains could be hard to come by ahead of bond sales from Spain
and Italy.
* The Nikkei stock average rose to a fresh eight-month for
a second straight day on Thursday, after a successful bond
auction in Portugal eased fears about the euro zone's debt
crisis and boosted European and U.S. stocks.
DATA/EVENTS (GMT)
1200 Britain BoE rate decision Jan 2011
1245 EZ ECB Rate Decision Jan 2011 1330
U.S. International trade mm $ Nov 1330 U.S.
PPI inflation y/y, NSA Dec 1330 U.S.
Producer prices mm Dec 1330 U.S.
Jobless claims weekly
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Precious metals prices at 0040 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1386.50 -0.72 -0.05 26.54
Spot Silver 29.68 0.03 +0.10 76.35
Spot Platinum 1794.74 -3.76 -0.21 22.34
Spot Palladium 809.47 1.63 +0.20 99.62
TOCOM Gold 3717.00 5.00 +0.13 14.05 21621
TOCOM Platinum 4849.00 65.00 +1.36 10.68 13049
TOCOM Silver 79.50 -0.10 -0.13 53.77 573
TOCOM Palladium 2179.00 43.00 +2.01 87.04 562
Euro/Dollar 1.3126
Dollar/Yen 83.05
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Clarence Fernandez)
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