SINGAPORE, Nov 23 (Reuters) - Gold prices were steady on
Tuesday as uncertainty if Ireland could secure a bailout
supported prices.
FUNDAMENTALS
* Spot gold edged down 0.2 percent to $1,363.6 an
ounce by 0034 GMT.
* U.S. gold futures gained 0.4 percent to $1,363.3.
* Political uncertainty in Ireland squashed initial
euphoria
over an EU/IMF bailout plan in the previous session, driving
the dollar up against a basket of currencies.
* Irish Prime Minister Brian Cowen defied mounting pressure
to quit on Monday, saying he would stay in office until
parliament passed an austerity budget needed to secure the
IMF/EU bailout, then call an early election. []
* Investors also worried about a spillover of Ireland's
debt crisis to other nations, such as Portugal or Spain.
* Holdings in the iShares Silver Trust hit a record
high of 10,841.98 tonnes, suggesting robust investment demand
in
the metals.[]
* However, holdings in the SPDR Gold Trust fell 4.252
tonnes to 1,285.084 tonnes, its lowest in more than a month.
* Spot silver rose to as much as $27.87 an ounce,
just a hair off a 10-day high of $27.90 hit in the previous
session. It was trading at $27.73.
MARKET NEWS
* Bank shares weighed on Wall Street on Monday as Europe's
smoldering debt crisis and fears of an insider trading probe in
the United States sapped buying interest for most of the
session.
Data for Tuesday, Nov. 23
(GMT) DATA/EVENTS
0700 Germany GDP detailed yy Q3
0758 France Markit/CDAF Mfg FlashPMI Nov
0828 Germany Markit/BME MFG Flash PMI Nov
0858 EZ Markit Mfg Flash PMI Nov
1245 U.S. ICSC chain stores yy Weekly
1330 U.S. GDP preliminary Q3
1330 U.S. GDP sales, prelim Q3
1355 U.S. Redbook mm Weekly
1500 U.S. Existing homes pct mm Oct
1500 U.S. Existing home sales mm Oct
1500 U.S. Richmond Fed mfg Nov
1900 U.S. FOMC minutes of Nov 2-3 meeting
:: Japan Public holiday, markets closed
RELATED NEWS
> Irish PM vows to pass budget then call election
> Wall Street curbed by Ireland woes, HP up late
> Economists worried about US inflation-survey
> UK to commit around 7 billion pounds to Ireland
> ECB's Trichet backs US view on strong dollar
> China says confident price pressures in check
> Oil slips on euro zone debt woes, dollar
> Canada says no new big spending in next budget
> Greece to conclude EU/IMF talks Monday-finmin
> Portugal PM Socrates says no need for bailout
> S&P warns on New Zealand ratings, kiwi skids
> Asia growth slows, Thailand in technical
recession
PRICES
Precious metals prices at 0034 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1363.60 -2.49 -0.18 24.45
Spot Silver 27.73 -0.09 -0.32 64.77
Spot Platinum 1654.99 -5.01 -0.30 12.81
Spot Palladium 686.49 -4.48 -0.65 69.29
TOCOM Gold 3658.00 -3.00 -0.08 12.24
12643
TOCOM Platinum 4483.00 -40.00 -0.88 2.33
2473
TOCOM Silver 74.40 0.00 +0.00 43.91
497
TOCOM Palladium 1845.00 -49.00 -2.59 58.37
428
Euro/Dollar 1.3611
Dollar/Yen 83.29
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Rujun Shen; Editing by Himani Sarkar)
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