TOKYO, Dec 10 (Reuters) - Gold edges above $1,130 an ounce on
Thursday after hitting its lowest level in more three weeks the
previous day when investors sold on expectations of a dollar
bounce and easing inflation worries.
FUNDAMENTALS
* Spot gold <XAU=> was up 0.2 percent at $1,131.50 an ounce
as of 2357 GMT, compared with New York's notional close of
$1,128.80.
* Bullion is now down about 8 percent from its record high of
$1,226.10 marked on Dec. 3.
* U.S. gold futures for February delivery <GCG0> rose 1.2
percent to $1,134.40 an ounce from $1,120.90 on NYMEX.
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings stood at 1,116.247 tonnes as
of Dec. 9, unchanged from the previous business day. []
MARKET NEWS
* The dollar snapped a three-day advance against the euro on
Wednesday as recent worries about governments' fiscal woes eased,
sparking a modest rebound in demand for higher-yielding
currencies and assets. []
* U.S. stocks ended higher on Wednesday as the U.S. dollar
fell and investors' appetite for risk returned, lifting shares of
financial, technology and natural resource companies. []
* Oil dropped more than 2 percent to settle below $71 a
barrel on Wednesday after government data showed
larger-than-expected builds in U.S. refined products due to weak
demand in the world's top consumer. []
DATA EVENTS
* The following data is expected on Thursday: <ECON>
- Australia Nov employment/unemployment data (0030 GMT)
- German Nov wholesale price index (0700 GMT)
- SNB monetary policy assessment, Zurich (0830 GMT)
- ECB monthly bulletin, Frankfurt (0900 GMT)
- BOE monetary policy decision, London (1200 GMT)
- Weekly U.S. jobless claims (1330 GMT)
- U.S. international trade for October (1330 GMT)
- U.S. Federal budget for November (1900 GMT)
RELATED NEWS
>Gold hits 3-week low on heavy investor selling []
>COMMODITIES-Stockpiles push prices down; oil slides []
>US extends bailout fund, sees challenges []
>New Zealand central bank sees rate hike nearer []
PRICES
Precious metals prices at 2351 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1131.50 $2.70 +0.24% -2.28% $1135.04 31
Spot silver $17.41 $0.03 +0.17% -4.24% $17.96 30
Spot plat $1412.00 -$4.50 -0.32% -1.77% $1412.97 36
COMEX gold $1132.10 -$11.30 -0.99% -2.74% $1132.06 36
TOCOM gold 3,244 -90 -2.70% -3.22% 3,272 40
TOCOM plat 4,034 -143 -3.42% -2.91% 4,058 42
Currencies
Euro/dlr $1.473 $0.003 +0.24% -0.58%
Dlr/yen 88.01 -0.39 -0.44% -1.68%
TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams. Spot prices in $ per ounce.
(Reporting by Miho Yoshikawa; Editing by Edwina Gibbs)
