SINGAPORE, Nov 25 (Reuters) - Gold edged down in thin
trade on Thursday after encouraging U.S. jobless claims data
calmed some worries about economic growth, but concerns over
tensions on the Korean peninsula could offer some support.
FUNDAMENTALS
* Spot gold eased $1.16 to $1,372.55 an
ounce by 0022 GMT - well below a lifetime high around $1,424
struck in early November.
* U.S. gold futures were hardly moved at $1,372.2
an ounce.
* The euro earned a reprieve early in Asia on Thursday,
lifting off a two-month trough after three straight sessions
of falls, but with the euro zone debt crisis still festering
any rebound may well prove short-lived.[]
* U.S. initial jobless benefits claims fell to their
lowest level in more than two years last week while consumer
spending rose for a fourth straight month in October, fueling
hopes the economic recovery is strengthening. []
* U.S. markets are shut on Thursday for the Thanksgiving
holiday.
* South Korean President Lee Myung-bak called an emergency
meeting early on Thursday to check on the economic impact from
the worst North Korean attacks on civilians in the South since
the 1950-53 Korean War.[]
MARKET NEWS
* Japan's benchmark Nikkei average opened up 0.87
percent at 10,117.85 on Thursday, while the broader Topix
gained 0.78 percent to 873.34.
* Oil prices rose more than 3 percent on Wednesday as
data that suggested economic recovery is improving and
pre-Thanksgiving holiday short covering helped oil post its
biggest percentage gain in four months.
(GMT) DATA/EVENTS 0300 Japan PAJ weekly oil inventory data
2330 Japan CPI, core nationwide, Oct
U.S. Federal holiday, markets closed
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Precious metals prices at 0022 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1372.55 -1.16 -0.08 25.27
Spot Silver 27.46 -0.09 -0.33 63.16
Spot Platinum 1653.99 -6.00 -0.36 12.75
Spot Palladium 693.99 -0.51 -0.07 71.14
TOCOM Gold 3694.00 7.00 +0.19 13.35 26754
TOCOM Platinum 4489.00 10.00 +0.22 2.47 4011
TOCOM Silver 74.10 0.20 +0.27 43.33 344
TOCOM Palladium 1870.00 1.00 +0.05 60.52 347
Euro/Dollar 1.3336
Dollar/Yen 83.47
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)
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