(Corrects date in 6th paragraph to Dec. 17, not Wednesday)
TOKYO, Dec 18 (Reuters) - Gold prices steadied near $1,100
per ounce on Friday after falling 3 percent in the previous
session, pressured by the dollar's rise against the euro, which
reduced the precious metal's appeal.
FUNDAMENTALS
* Spot gold <XAU=> was at $1,101.00 per ounce at 2345 GMT, up
0.3 percent from New York's notional close of $1,097.80.
* Gold is now trading about 10 percent below a record high of
$1,226.10 hit on Dec. 3.
* U.S. gold futures for February delivery <GCG0> fell 0.4
percent to $1,102.5 an ounce on the COMEX division of the NYMEX.
* Futures hit a record high $1,227.50 on Dec. 3.
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings held steady at 1,120.514
tonnes as of Dec 17. []
MARKET NEWS
* The dollar rose to its highest level against the euro in
more than three months on Thursday, a day after the Federal
Reserve drew attention to the improvement in the U.S. economy and
stood by plans to wind down most of its emergency lending by
February. []
* U.S. stocks fell on Thursday as the dollar's rebound
spurred safe-haven trade, cutting demand for riskier assets. []
* U.S. crude oil <CLc1> settled down 1 cent at $72.65 per
barrel on Thursday, after falling to near $71 as the dollar
strengthened and U.S. unemployment claims rose, although a cold
spell in the U.S. northeast provided support.
DATA EVENTS
* The following data is expected on Friday: <ECON>
- German Nov PPI (0700 GMT)
- German Dec IFO survey (0900 GMT)
- Euro zone Oct current account data (0900 GMT)
- Italy Oct industrial orders, sales (0900 GMT)
- UK Nov Public sector borrowing (0930 GMT)
- UK Nov M4 money supply data (0930 GMT)
- BOE UK trends in lending survey (0930 GMT)
- Euro zone Oct trade data (1000 GMT)
- U.S. ECRI weekly (1530 GMT)
RELATED NEWS
> Gold falls 3 pct as dollar surges against euro []
> Strong dollar hits most markets but natgas jumps []
> Gold co stocks fall, metal price dips 2 pct []
> Debt fears keep Dubai retail gold sales poor []
PRICES
Precious metals prices at 2343 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1100.90 $3.10 +0.28% -4.92% $1145.96 31
Spot silver $17.17 $0.04 +0.23% -5.56% $18.05 35
Spot plat $1424.00 $3.00 +0.21% -1.89% $1431.72 43
COMEX gold $1102.60 $4.20 +0.38% -2.96% $1144.31 31
TOCOM gold 3,240 -34 -1.04% -0.34% 3,290
TOCOM plat 4,153 -36 -0.86% -0.14% 4,110
Currencies
Euro/dlr $1.433 -$0.001 -0.06% -1.40%
Dlr/yen 89.70 -0.18 -0.20% -0.09%
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)
