SINGAPORE, Nov 24 (Reuters) - Gold held steady on
Wednesday,
as investors closely watched the situation on the Korean
peninsula after an exchange of fire on Tuesday, while concerns
on Ireland's fiscal health remain.
FUNDAMENTALS
* Spot gold edged down 0.2 percent to $1,372.95 an
ounce by 0023 GMT, after touching a 1-1/2 week high of $1,382
in
the previous session.
* U.S. gold futures shed $5.1 to $1,372.5.
* The unstable political situation in Ireland, together
with the conflict in the Korea peninsula, pushed down most
commodities and the euro as investors turned away from riskier
assets.
* The European Union urged Ireland on Tuesday to adopt an
austerity budget on time to unlock promised EU/IMF funding, in
response to a deepening political crisis that could derail the
financial rescue. []
* The euro languished at two-month lows early in Asia on
Wednesday, threatening to deepen its losses.
* South Korea warned North Korea of "enormous retaliation"
if it took more aggressive steps after Pyongyang fired scores
of
artillery shells at a South Korean island in one of the
heaviest
attacks on its neighbour since the Korean War ended in 1953.
For
stories on the conflict: []
* Holdings in the iShares Silver Trust rose to an
all-time high for the third straight session, to 10,893.68
tonnes, by Nov 23.
* Spot silver fell 0.4 percent to $27.37 an ounce.
* The U.S. economy grew faster than previously estimated in
the third quarter, but a slump in sales of previously owned
homes in October indicated the recovery remains too anemic to
reduce high unemployment. []
MARKET NEWS
* U.S. stocks sank on Tuesday as investors dumped risky
assets on escalating tensions in the Korean peninsula and as
euro-zone debt worries mounted.
* U.S. oil <CLc1> was steady on Wednesday, after slipping
about one percent in the previous session.
(GMT) DATA/EVENTS
1200 U.S. Mortgage index Weekly
1330 U.S. Personal income mm Oct
1330 U.S. Initial Claims
1330 U.S. Durable goods Oct
1455 U.S. U Mich 1-yr inflation-F Nov
1455 U.S. U.Mich conditions final Nov
1455 U.S. U.Mich expectation final Nov
1455 U.S. U.Mich sentiment final Nov
1400 U.S. FHFA home prices Sep
1500 U.S. New home sales chg mm Oct
1500 U.S. New home sales-units mm Oct
1600 U.S. KC Fed survey Nov
:: U.S. Dallas Fed PCE Oct
:: U.S. Build permits R chg mm Oct
RELATED NEWS
> US growth faster, not enough to dent joblessness
> Fed pondered radical steps to support recovery
> Wall St drops on Korean tension, euro zone woes
> S.Korea talks tough after N.Korea artillery attack
> EU urges feuding Irish not to delay budget
> Euro zone recovery accelerates, still 2-speed-PMI
> US Oct existing home sales fall more than expected
> German finmin says euro at stake in debt crisis
> Greece on fiscal track, may get more help later
> German growth eases in Q3 but outlook upbeat
> Canada inflation up, rates seen staying on hold
> Spain deficit progress fails to calm contagion
PRICES
Precious metals prices at 0023 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1372.95 -3.25 -0.24 25.30
Spot Silver 27.37 -0.11 -0.40 62.63
Spot Platinum 1655.74 8.50 +0.52 12.87
Spot Palladium 685.50 -0.97 -0.14 69.05
TOCOM Gold 3685.00 24.00 +0.66 13.07 25008
TOCOM Platinum 4485.00 -38.00 -0.84 2.37 4380
TOCOM Silver 73.50 -0.90 -1.21 42.17 855
TOCOM Palladium 1840.00 -54.00 -2.85 57.94 624
Euro/Dollar 1.3385
Dollar/Yen 83.25
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Rujun Shen; Editing by Himani Sarkar)
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