TOKYO, Aug 11 (Reuters) - Gold prices inched up on Tuesday
but were near a 10-day low hit the previous day when the dollar's
broad rise hurt sentiment, with investors awaiting the outcome of
the Federal Reserve's decision later in the week.
FUNDAMENTALS
* Spot gold <XAU=> inched up 0.1 percent to $946.00 an ounce
as of 0038 GMT, compared to New York's notional close of $944.65
per ounce.
* U.S. gold futures for December delivery <GCZ9> rose 0.2
percent to $948.50 per ounce, compared with $946.90 an ounce on
the COMEX division of the New York Mercantile Exchange.
* Gold futures dropped to a 10-day low under $950 an ounce on
Monday, losing more than 1 percent on technical selling and a
resurgent dollar amid positive economic news.
* The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust <GLD>, said its holdings stood at 1,068.55 tonnes
as of Aug 10, down 0.35 tonnes or 0.03 percent from the previous
business day. []
MARKET NEWS
* Nikkei was up 0.4 percent. []
* U.S. stocks fell on Monday, as investors booked profits
following a four-week rally that took the broad S&P 500 index to
a 10-month high on Friday. []
* The dollar held steady on Tuesday after rising for a third
day against a basket of currencies the previous day when
investors continued to trade on stronger-than-expected U.S. jobs
numbers. Analysts said any further gains for the dollar may hinge
on the actions and statement by the Federal Reserve, which will
end a two-day policy meeting on Wednesday. []
DATA EVENTS
* The following data is expected on Tuesday: <ECON>
- China trade data for July (N/A)
- Bank of Japan two-day policy meeting concludes. (N/A)
- Japan monthly economic report. (N/A)
- Japan consumer confidence for July. (0500 GMT)
- German final July CPI. (0600 GMT)
- German final July HICP. (0600 GMT)
- German July wholesale price index. (0600 GMT)
- UK June trade balance. (0830 GMT)
- ICSC/Goldman Sachs weekly US chain store sales. (1145 GMT)
- U.S. productivity for second quarter. (1230 GMT)
- Redbook weekly U.S. retail sales. (1255 GMT)
- U.S. wholesale inventories for June. (1400 GMT)
- Federal Open Market Committee meeting
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PRICES
Precious metals prices at 0042 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $945.65 $1.00 +0.11% +5.42% $860.10 46
Spot silver $14.38 $0.08 +0.56% +20.03% $11.29 60
Spot plat $1238.00 -$5.50 -0.44% +30.45% $948.98 56
COMEX gold $946.70 $58.50 +6.59% +5.25% $857.64 47
TOCOM gold 2,956 373 +14.44% +13.30% 2,476 60
TOCOM plat 3,862 1122 +40.95% +39.67% 2,659 62
Currencies
Euro/dlr $1.415 $0.101 +7.70% +7.37%
Dlr/yen 96.89 6.51 +7.20% +8.96%
(Reporting by Chikako Mogi; Editing by Edwina Gibbs)
