SINGAPORE, Dec 1 (Reuters) - Gold slipped on Wednesday as
speculators booked profits after prices rose to their highest
in more than two weeks the previous day, while bullion priced
in euro hit record as worries about the debt crisis in Europe
lingered.
FUNDAMENTALS
* Spot gold eased 68 cents to $1,384.26 an
ounce by 0032 GMT after rising as high as $1,389.75 on Tuesday
-- its strongest since Nov. 12. Bullion was still below a
lifetime high around $1,424 struck in early November.
* U.S. gold futures hardly moved at $1,386 an ounce.
* The euro suffered yet another setback in early Asia on
Wednesday after Standard & Poor's threatened to cut the credit
ratings of Portugal, inflaming a market already rocked by
worries about Europe's debt crisis.
MARKET NEWS
* Japan's Nikkei share average was flat on Wednesday,
after falling nearly 2 percent the previous day when China
stocks tumbled on a liquidity squeeze. U.S. fell in a choppy
session on Tuesday on Portugal fears.
* Oil was steady in early trade on Wednesday. It fell in
the previous session as concerns that Europe's debt crisis
will widen battered the euro and added to ongoing concerns
about China's economic growth.
(GMT) DATA/EVENTS
0030 Australia GDP yr/yr
0100 China NBS PMI Nov
0230 China HSBC PMI Nov
0500 India HSBC Markit Mfg PMI Nov
0500 Russia Manufacturing PMI Nov
0700 Germany Retail sales yy real Oct
0843 Italy Markit/ADACI Mfg PMI Nov
0853 Germany Markit/BME Mfg PMI Nov
0858 EZ Markit Mfg PMI Nov
1200 U.S. Mortgage index Weekly
1230 U.S. Challenger layoffs Nov
1315 U.S. ADP national employment Nov
1500 U.S. ISM Manufacturing PMI Nov
1500 U.S. Construction spending mm Oct
1900 U.S. Fed beige book
:: U.S. Total Vehicle Sales Nov
RELATED NEWS
> Euro pummeled in Nov with more losses expected
> S.Korea Nov exports top fcasts, inflation eases
> Bernanke stresses need to lower joblessness
> UK house prices fall again in Nov -Nationwide
> UK's Osborne says deficit heading down
> Canada growth disappoints, rates to stay low
> Short on votes, U.S. deficit panel delays decision[nN30280652
Precious metals prices at 0043 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1384.26 -0.68 -0.05 26.34
Spot Silver 27.98 -0.07 -0.25 66.25
Spot Platinum 1659.00 3.00 +0.18 13.09
Spot Palladium 695.75 -0.25 -0.04 71.58
TOCOM Gold 3729.00 29.00 +0.78 14.42 39126
TOCOM Platinum 4503.00 15.00 +0.33 2.78 4373
TOCOM Silver 75.40 2.10 +2.86 45.84 1921
TOCOM Palladium 1881.00 9.00 +0.48 61.46 394
Euro/Dollar 1.2980
Dollar/Yen 83.55
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)
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SPEED GUIDES
Oil fell on Tuesday as
concerns that Europe's debt crisis will widen battered the euro
and added to ongoing concerns about about China's economic
growth.
