SINGAPORE, Jan 18 (Reuters) - Spot gold held steady on
Tuesday, retaining small gains from the previous session, as
investors watched for the latest news on the euro zone's
solutions to its debt crisis, as strength in the dollar weighed.
FUNDAMENTALS
* Spot gold was little changed at $1,361.85 an ounce
by 0007 GMT.
* U.S. gold futures were steady at $1,361.5.
* Euro zone finance ministers discussed on Monday ways to
have more money in their rescue fund and cheaper emergency loans
as part of a package of steps to end the sovereign debt crisis,
but they made no firm decisions.
* Investors are expected to shift their focus from gold to
industrial commodities and oil, Goldman Sachs' global head of
commodities research said on Monday.
* Gold is set to rise this year, but may struggle to
replicate last year's stellar performance as the euro zone debt
crisis recedes and authorities around the world start to look
towards tightening monetary policy, said Tom Kendall, an analyst
at Credit Suisse.
MARKET NEWS
* The euro stayed on the backfoot early in Asia on Tuesday,
having fallen across the board as uncertainty grew over whether
officials would agree to beef up a euro zone safety fund this
week, putting the currency on shaky ground again.
DATA/EVENTS (GMT)
0430 Japan Industrial output Nov
0430 Australia Rio Tinto Q4
1000 Germany ZEW economic sentiment Jan
1400 U.S. Net capital inflows Nov
1500 U.S. NAHB housing market indx Jan
RELATED NEWS
> Orphanides says ECB not "overly hawkish"
> Euro zone finmins to discuss rescue fund changes
> Fed's Plosser does not rule out 2011 rate rise
> Spain cancels auction for syndicated bond
> US senators threaten FX bill ahead of Hu visit
> Euro slips before euro zone meet; shares soft
> German min: no urgent need for rescue fund move
> German GDP outlook brightening -Buba
> China's Hu upbeat, resists U.S. pressure on yuan
> Japan consumer mood worsens in December
> BOJ head - markets calm despite Europe debt woes
> Australia - cost of floods to top other disasters
PRICES
Precious metals prices 0007 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1361.85 -0.55 -0.04 -4.06
Spot Silver 28.34 0.08 +0.28 -8.17
Spot Platinum 1804.74 5.89 +0.33 2.11
Spot Palladium 789.99 -0.34 -0.04 -1.19
TOCOM Gold 3632.00 -11.00 -0.30 -2.60 12099
TOCOM Platinum 4855.00 -25.00 -0.51 3.39 3264
TOCOM Silver 75.50 -0.20 -0.26 -6.79 523
TOCOM Palladium 2119.00 4.00 +0.19 1.05 331
Euro/Dollar 1.3282
Dollar/Yen 82.64
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting By Rujun Shen; Editing by Clarence Fernandez)
Reuters
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