TOKYO, Oct 13 (Reuters) - Gold steadied on Tuesday, taking a
breather after rising the previous day to within striking
distance of its all-time high above $1,060 an ounce on a weak
dollar.
FUNDAMENTALS
* Gold <XAU=> was at $1,055.40 per ounce at 2353 GMT, almost
flat from New York's notional close of $1,055.25. It had risen as
high as $1,058.75 on Monday, near the record high of $1,061.20
set last week.
* U.S. gold futures for December delivery <GCZ9> were
$1,056.4 per ounce, down $1.1 or 1 percent from the previous
settlement after rising $8.90 on Monday.
* The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust <GLD>, said its holdings stood at 1,109.314
tonnes as of Oct. 12, unchanged since Oct. 7. []
* The amount of metal Zurich Cantonal Bank holds to back its
palladium exchange-traded fund fell 12,699 ounces or 2.3 percent
in the week to Oct. 9, the company said. []
MARKET NEWS
* The dollar shifted back onto the defensive on Tuesday as
investors added to long positions in high-yielding currencies on
expectations that robust U.S. earnings would sustain risk
appetite. []
* The euro stood at $1.4787 <EUR=> after topping $1.48 the
previous day for the first time since Oct. 8.
* The S&P 500 U.S. share index managed a sixth consecutive
day of gains on Monday to end at its closing high for the year as
energy shares rose alongside the price of oil. []
* Oil prices <CLc1> jumped 2 percent on Monday on optimism
about the pace of global economic recovery and as cool weather
across the United States boosted fuel demand. []
DATA EVENTS
* The following data is expected on Tuesday <ECON>:
- UK inflation figures for Sept (0830 GMT)
- Germany ZEW economic sentiment for Oct (0900 GMT)
- OPEC monthly report (1000 GMT)
- U.S. ICSC/Goldman Sachs chain store sales (1145 GMT)
- New York Fed president Dudley speaks (1715 GMT)
- Fed vice president Kohn speaks (1745 GMT)
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PRICES
Precious metals prices at 0004 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1055.10 -$0.15 -0.01% +17.63% $860.10 77
Spot silver $17.78 $0.10 +0.57% +48.41% $11.29 73
Spot plat $1336.50 $0.00 +0.00% +0.34% $1310.07 66
TOCOM gold 3,053 36 +1.19% +1.53% 2,950 69
TOCOM plat 3,878 25 +0.65% +1.49% 3,791 60
Currencies
Euro/dlr $1.478 $0.001 +0.08% +0.35%
Dlr/yen 89.72 -0.10 -0.11% +0.00%
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)
