TOKYO, June 30 (Reuters) - Gold edged up on Tuesday,
supported by a retreat in the dollar as gains in equities markets
and stronger-than-expected sentiment in the euro zone aided hopes
of global economic recovery.
FUNDAMENTALS
* Gold <XAU=> was at $938.85 per ounce at 0013 GMT, up 0.2
percent from New York's notional close of $937.05.
* Investors view gold as an insurance against the falling
value of their dollar-denominated portfolio. Bullion hit a
two-week high of $948.20 late last week. []
* U.S. markets are closed for the U.S. Independence Day
holiday on Friday. Canadian markets are shut on Wednesday for the
Canada Day holiday.
* U.S. gold futures for August delivery <GCQ9> were at
$939.80 an ounce, down 0.1 percent from the previous settlement
on the COMEX division of the New York Mercantile Exchange.
* The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust <GLD>, said its holdings remained at 1,125.74
tonnes as of June 29, unchanged since June 25. []
* Mines in Honduras operated by Yamana Gold <YRI.TO> and
Breakwater Resources <BWR.TO> are operating normally despite an
unfolding political crisis in the Central American nation, the
mines' Canadian owners said on Monday. []
* ETF Securities said on Monday the amount of gold it holds
to back its Gold Bullion Securities exchange-traded commodity
fund declined 567 ounces. []
MARKET NEWS
* The dollar and euro climbed against the yen on Monday, as
gains in oil prices and U.S. stocks along with
better-than-expected sentiment in Europe rekindled hopes of a
global economic recovery. []
* U.S. stocks rose on Monday as higher oil prices lifted
shares of energy companies and fund managers snapped up this
quarter' winners to burnish their portfolios. []
* Japan's Nikkei share average <> rose 1.2 percent. []
DATA EVENTS
* The following data is expected on Tuesday: <ECON>
- Japan housing starts for May (0500 GMT)
- German unemployment rate for June (0800 GMT)
- Euro zone M3/private sector loans for May (0800 GMT)
- Euro zone flash consumer prices for June (0900 GMT)
- U.S. S&P/Case Shiller home price index for April (1300 GMT)
- U.S. Chicago PMI for June (1345 GMTM)
- U.S. consumer confidence for June (1400 GMT)
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PRICES
Precious metals prices at 0005 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $938.50 $1.45 +0.15% +4.63% $860.10 51
Spot silver $13.90 $0.06 +0.43% +16.03% $11.29 38
Spot plat $1185.00 $3.00 +0.25% -0.96% $1207.63 46
COMEX gold $939.10 $1.10 +0.12% -0.17% $949.50 50
TOCOM gold 2,912 33 +1.15% +0.62% 2,959 50
TOCOM plat 3,679 26 +0.71% -0.35% 3,776 46
Currencies
Euro/dlr $1.410 $0.018 +1.29% +0.19%
Dlr/yen 96.18 0.46 +0.48% +1.02%
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)
