SINGAPORE, Nov 19 (Reuters) - Gold strengthened on Friday,
extending gains from the previous session, as worries over
Ireland's debt woes diminished and helped the euro strengthen
against the dollar.
FUNDAMENTALS
* Spot gold gained half a percent to $1,359.65 an
ounce by 0027 GMT, building on gains from the previous session.
* U.S. gold futures also rose by half a percent, to
$1,359.5.
* Hopes that Ireland's debt crisis will be resolved soon
lifted the euro against other major currencies.
* Ireland insisted on Thursday its low rate of corporation
tax was "non-negotiable" as it discusses an aid package worth
tens of billions of euros from European partners and the IMF
for
its shattered banks.[]
* Holdings in the world's largest physically-backed
exchange-traded fund, SPDR Gold Trust , said its holdings
dipped to a one-month low of 1,286.299 tonnes by Nov 18.
* Prominent commodities investor and hedge fund manager
Dwight Anderson said Thursday that platinum output has
possibly peaked as the precious metal gets harder to mine, and
prices are likely to rise to record highs. []
* Spot platinum edged up 0.2 percent to $1,665.74 an
ounce. The metal has gained 14 percent so far this year,
lagging
behind performance of other precious metals.
MARKET NEWS
* U.S. stocks jumped on Thursday on expectations of a
resolution of Ireland's banking crisis, but the S&P 500's
inability to break through resistance suggests stocks could be
in a tight range through the end of the year.
DATA/EVENTS
1015 EZ Fed Chairman Bernanke speech at ECB conference
1130 India M3 Money Supply
1430 U.S. ECRI index Weekly
RELATED NEWS
> Irish cenbank expects EU/IMF loan; markets
rebound
> Wall St surges on Irish hopes, tight range seen
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> Fed officials circle wagons around QE2
> OECD sees global recovery slowing as US lags
> Oil rebounds on Irish hopes after four-day fall
> GM loses momentum in post-IPO NYSE return
> Japan cuts spending, output view; stimulus fades
> NZ economic recovery may be prolonged-Bollard
> Canada data offers glimmer of hope for recovery
> UK retail sales recover, borrowing hits Oct
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> Greece pledges more cuts to meet bailout terms
> Spain yields jump at tender; French sale well bid
PRICES
Precious metals prices at 0027 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1359.65 7.00 +0.52 24.09
Spot Silver 27.21 0.29 +1.08 61.68
Spot Platinum 1665.74 3.74 +0.23 13.55
Spot Palladium 697.50 3.78 +0.54 72.01
TOCOM Gold 3662.00 31.00 +0.85 12.37 27480
TOCOM Platinum 4523.00 52.00 +1.16 3.24 5711
TOCOM Silver 73.50 2.90 +4.11 42.17 1294
TOCOM Palladium 1876.00 64.00 +3.53 61.03 437
Euro/Dollar 1.3654
Dollar/Yen 83.51
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Rujun Shen; Editing by Ed Lane)
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