SINGAPORE, Jan 14 (Reuters) - Gold rebounded on Friday
after volatile trade in the previous session, but gains could
be capped by a firm euro following better-than-forecast debt
auctions by Spain and Italy, which eased fears about the debt
crisis in Europe.
FUNDAMENTALS
* Spot gold rose $2.15 to $1,374.90 an ounce by
0046 GMT after trading in a choppy $23 range on Thursday.
Bullion struck a lifetime high around $1,430 an ounce in
December.
* U.S. gold futures for February fell $12.2 to
$1,374.8 an ounce.
* The world's largest gold-backed exchange-traded fund,
SPDR Gold Trust , said its holdings fell to 1,265.093
tonnes by Jan 13 from 1,271.467 tonnes on Jan 11.
MARKET NEWS
* The euro rose the most against the dollar in six months
on Thursday and further gains were expected in the near term
following solid Spanish and Portuguese debt auctions and after
the head of the European Central Bank expressed concerns about
inflation.
* Japan's Nikkei stock average fell 0.5 percent on
Friday, hit by a lower-than-expected settlement of options for
January and countering expectations of a boost from brisk
earnings by Intel Corp .
DATA/EVENTS (GMT)
1000 EZ Eurostat Trade nsa, EUR Nov 2010
1130 India M3 Money Supply Final 40557
1200 US JP Morgan results Q4
1330 U.S. CPI mm, SA Dec
1330 U.S. Retail sales mm Dec
1415 U.S. Industrial output mm Dec
1500 U.S. Business Inventories mm Nov
2030 U.S. CFTC Commitment of Traders Weekly
RELATED NEWS
>US economy facing headwind, Bernanke hopeful
>US calls for "more equitable" trade with China
>US joblessness to linger despite growth-Bernanke
>Japan PM changes cabinet to smooth parliament path
>ECB says ready to act on inflation if needed
>Spain auction eases euro zone escalation fears
>Oil off on US data; OPEC eyed as $100/bbl in sight
>BoE keeps rates low as inflation spike looms
>Canada trade deficit drops sharply in November
>UK Nov factory output grows, industry growth slows[nLDE70C0WW
Precious metals prices at 0046 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1374.90 2.15 +0.16 25.48
Spot Silver 28.76 0.09 +0.31 70.89
Spot Platinum 1803.75 3.76 +0.21 22.96
Spot Palladium 808.47 4.72 +0.59 99.38
TOCOM Gold 3673.00 -42.00 -1.13 12.70 29430
TOCOM Platinum 4854.00 6.00 +0.12 10.80 8364
TOCOM Silver 77.00 -2.50 -3.14 48.94 1004
TOCOM Palladium 2162.00 -16.00 -0.73 85.58 581
Euro/Dollar 1.3330
Dollar/Yen 82.74
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Clarence Fernandez)
Reuters Terminal users can see related news and prices by
double clicking on the codes in brackets:
- All precious metals headlines
- Precious metals market reports
- Daily fixing headlines
- Technical analysis
- Indian gold reports
- European gold prices <0#PREC>
- London interbank gold forward rates <0#GOFO=>
- London silver forwards
- Gold lease rates <0#LGLR=>
- London Bullion Market Association
- New York Comex gold <0#GC:> and silver <0#SI:>
- New York platinum <0#PL:> and palladium <0#PA:>
- Asian gold prices <0#PREC>
- Australian precious metals prices <0#AUPREC=>
- Shanghai Gold Exchange prices
- Hong Kong gold exchange prices
- Hong Kong bullion prices
- Indian bullion prices <0#PREC-IN>
- Japanese producer prices
For Related News and other topics, double click on one of these
codes:
SPEED GUIDES
