TOKYO, Jan 15 (Reuters) - Gold prices held steady around
$1,145 per ounce on Friday after gaining in New York the previous
day on a fall in the dollar against other currencies.
Gold futures got a lift on Thursday in defensive buying ahead
of any future measures taken by the Commodity Futures Trading
Commission to rein in speculation in metals trading, dealers
said.
FUNDAMENTALS
* Spot gold <XAU=> was at $1,144.40 per ounce as of 0022
GMT, compared to New York's notional close of $1,142.15.
* U.S. gold futures for February delivery <GCG0> were at
$1,144.60 per ounce, compared to $1,143.00 an ounce on the COMEX
division of the New York Mercantile Exchange.
* Palladium rose more than 5 percent to an 18-month high on
Thursday, boosted by strong investment demand due to the launch
of a new exchange-traded fund (ETF) backed by the metal in New
York.
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings stood at 1,113.750 tonnes as
of Jan. 14, down 0.2 percent from the previous business day.
[]
* The world's largest silver-backed exchange-traded fund, the
iShares Silver Trust <SLV>, said its silver holdings stood at
9,339.19 tonnes as of Jan. 14, down 1.6 percent from the previous
business day. []
MARKET NEWS
* Technology shares drove Wall Street higher on Thursday on
bets ahead of Intel's quarterly results that business spending
will bolster profits in the sector. []
* The dollar fell against the yen as a drop in December U.S.
retail sales and other data reinforced the view the U.S. Federal
Reserve will keep its benchmark interest rate unchanged for the
forseeable future. []
DATA EVENTS
* The following data is expected on Friday: <ECON>
- German final wholesale price index for December (0700 GMT)
- Swiss producer prices for December (0815 GMT)
- Italian final inflation for December (0900 GMT)
- Euro zone foreign trade for November (1000 GMT)
- Euro zone final inflation for December (1000 GMT)
- U.S. CPI/core CPI for December (1330 GMT)
- U.S. real earnings for December (1330 GMT)
- New York Jan Fed Empire State survey (1330 GMT)
- U.S. industrial production/CAP use for December (1415 GMT)
- U.S. ECRI weekly (1530 GMT)
RELATED NEWS
> Gold rises as traders add positions after CFTC []
> Palladium, platinum rally on investment demand []
> Gloomy data hits markets despite relief over CFTC []
> CFTC to propose new commodities position limits []
> Worse may be over for Italy jewellery exports []
PRICES
Precious metals prices at 0017 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1144.70 $2.55 +0.22% -1.14% $1119.91 59
Spot silver $18.26 -$0.38 -2.04% +0.44% $17.63 69
Spot plat $1612.00 $5.00 +0.31% +2.32% $1479.45 78
COMEX gold $1145.00 $3.00 +0.26% +0.72% $1131.07 57
TOCOM gold 3,316 -58 -1.72% -0.18% 3,291
TOCOM plat 4,716 73 +1.57% +2.54% 4,333
Currencies
Euro/dlr $1.449 -$0.001 -0.05% -0.11%
Dlr/yen 91.22 0.08 +0.09% -0.20%
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Miho Yoshikawa)
