SINGAPORE, Dec 6 (Reuters) - Gold steadied on Tuesday
after hitting a record high in the previous session on worries
over Europe's sovereign debt problems and speculation the U.S.
Fed will extend monetary easing. Silver held near a 30-year
high.
FUNDAMENTALS
* Spot gold fell $1.11 to $1,421.74 an ounce by
0028 GMT after hitting a record around $1,427 an ounce on
Monday in thin trade.
* U.S. gold futures for February rose $7.3 an ounce
to at $1,423.4 an ounce.
* Silver hardly changed after rising to a 30-year
high at $30.25 an ounce on Monday on European debt woes.
* The world's largest silver-backed exchange-traded fund,
iShares Silver Trust , said its holdings rose to
10,816.69 tonnes by Dec 6 from 10,778.68 on Dec 2. The
holdings jumped to an all-time high of 10,893.68 tonnes on
Nov 23. []
* China's central bank may raise interest rates this
weekend, the official China Securities Journal reported in a
front-page story. []
MARKET NEWS
* The euro was under pressure early in Asia on Tuesday,
having fallen to a record low against the Australian dollar,
as the euro zone appeared split on how to tackle the region's
debt crisis.
* Japan's Nikkei average edged down on Tuesday, with the
yen's recent firmness against the dollar weighing on shares of
exporters.
(GMT) DATA/EVENTS
0330 Australia RBA cash rate Dec
1100 Germany Industrial orders Oct
1245 U.S. ICSC chain stores yy Weekly
1355 U.S. Redbook mm Weekly
1400 Canada BoC rate decision
1500 U.S. IBD consumer confidence Dec
1500 U.S. ISM semi-annual econ forecast
1900 U.S. Consumer credit Oct
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Precious metals prices at 0028 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1421.74 -1.11 -0.08 29.76
Spot Silver 30.07 -0.07 -0.23 78.67
Spot Platinum 1711.99 -8.51 -0.49 16.70
Spot Palladium 758.97 3.50 +0.46 87.17
TOCOM Gold 3784.00 3.00 +0.08 16.11 22617
TOCOM Platinum 4605.00 -52.00 -1.12 5.11 4667
TOCOM Silver 80.30 0.30 +0.37 55.32 997
TOCOM Palladium 2036.00 -42.00 -2.02 74.76 548
Euro/Dollar 1.3292
Dollar/Yen 82.60
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Ed Lane )
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