SINGAPORE, Dec 29 (Reuters) - Spot gold held steady on
Wednesday after advancing above $1,400 in the previous
session, following the latest data from the U.S. that painted
a less upbeat picture, but strong demand is expected to
continue to support prices.
FUNDAMENTALS
* Spot gold edged down 0.1 percent to $1,403.67 an
ounce by 0034 GMT, after jumping about $20 in the previous
session.
* U.S. gold futures declined $1.2 to $1,404.5.
* Following positive economic data from the U.S. in the
past few weeks, the latest data on consumer confidence
unexpectedly deteriorated in December, while prices of
single-family homes fell almost double the expected pace in
October, tempering growing optimism on the economy's recovery.
[]
* The dollar found a steadier footing early in Asia on
Wednesday, having staged a sharp reversal from a record low
versus the Swiss franc, partly due to a spike in U.S. Treasury
yields, which boosted the allure of the greenback.
* Holdings in the world's largest gold-backed
exchange-traded fund, SPDR Gold Trust , slipped less than
a tonne to 1,284.062 tonnes by Dec 28 from before the
Christmas holiday.
* Spot silver edged down 0.3 percent to $30.16,
having touched a session high of $30.27, about 40 cents off a
30-year peak of $30.68 hit on Dec 7.
MARKET NEWS
* The Dow and S&P 500 rose in light trading on Tuesday,
extending December's rally, as cold weather in the Northeast
lifted oil prices and energy shares.
DATA/EVENTS (GMT)
1200 U.S. Mortgage index Weekly
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PRICES
Precious metals prices at 0034 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1403.67 -1.83 -0.13 28.11
Spot Silver 30.16 -0.10 -0.33 79.20
Spot Platinum 1744.99 -8.25 -0.47 18.95
Spot Palladium 782.25 -2.97 -0.38 92.91
TOCOM Gold 3729.00 30.00 +0.81 14.42 20035
TOCOM Platinum 4690.00 3.00 +0.06 7.05 4717
TOCOM Silver 80.20 1.80 +2.30 55.13 847
TOCOM Palladium 2089.00 25.00 +1.21 79.31 483
Euro/Dollar 1.3108
Dollar/Yen 82.33
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting By Rujun Shen)
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