TOKYO, Dec 3 (Reuters) - Gold inched down on Friday after
topping $1,220 per ounce the previous day to mark a record high
for the third straight day, while the monthly U.S. non-farm
payrolls report due at 1330 GMT is keenly awaited.
FUNDAMENTALS
* Spot gold <XAU=> was at $1,205.55 per ounce at 0018 GMT,
down 0.1 percent from New York's notional close of $1,207.10.
* It rose to $1,226.10, an all-time high, on Thursday as
strong buying by investment funds more than offset news that
central banks could be withdrawing liquidity from the financial
system. []
* U.S. gold futures for February delivery <GCG0> fell 0.9
percent to $1,207.10 per ounce.
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings rose 0.276 tonnes to
1,131.490 tonnes on Thursday. The holdings are nearing the record
high of 1,134.03 tonnes hit on June 1. []
* The world's largest silver-backed exchange-traded fund, the
iShares Silver Trust <SLV>, said its silver holdings rose 113.05
tonnes or 1.2 percent from the previous business day to a record
9,514.35 tonnes on Thursday. []
MARKET NEWS
* The euro firmed against the dollar on Thursday after
comments by the European Central Bank suggested it would
gradually withdraw emergency liquidity from the system. []
* ECB President Jean-Claude Trichet laid out a package of
decisions on ending and tightening up the measures it has taken
to boost liquidity to the banking sector. []
* A poll of 33 analysts, traders and funds conducted by
Reuters this week found most believe gold prices are in for a
correction before the end of the year, though the precious
metal's bull run is still believed to be intact. []
* Friday's U.S. employment report is expected to show
payrolls shed fewer jobs in November than October. Economists
polled by Reuters gave a median estimate of 130,000 jobs lost in
November, compared with 190,000 in October.
* U.S. stocks fell on Thursday after data showed the vast
U.S. services sector unexpectedly shrank in November and
investors worried that Friday's non-farm payrolls report may show
the recovery is sluggish. []
DATA EVENTS
* The following events are expected on Friday: <ECON>
- Swiss CPI for November (0815 GMT)
- U.S. employment report for November (1330 GMT)
- U.S. factory orders for October (1500 GMT)
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Precious metals prices at 0013 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1204.75 -$2.35 -0.19% +34.31% $860.10 73
Spot silver $18.69 -$0.11 -0.59% +56.01% $11.29 55
Spot plat $1474.50 -$6.00 -0.41% -1.47% $1414.68 61
TOCOM gold 3,429 -23 -0.67% +0.56% 3,240 70
TOCOM plat 4,200 -34 -0.80% +0.60% 4,022 63
Currencies
Euro/dlr $1.505 -$0.002 -0.11% +0.05%
Dlr/yen 88.23 0.04 +0.05% +0.89%
TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams. Spot prices in $ per ounce.
(Reporting by Risa Maeda; Editing by Michael Watson)
((risa.maeda@thomsonreuters.com; +81 3 6441 1856; Reuters
Messaging: risa.maeda.reuters.com@reuters.net))
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