SINGAPORE, Dec 3 (Reuters) - Gold ticked higher on Friday
after a volatile trade in the previous session, which saw
speculators book profits as the price of the metal failed to
breach a key resistance of $1,400 an ounce on waning Europe
debt concerns and upbeat U.S. data.
FUNDAMENTALS
* Spot gold rose $4.00 an ounce to $1,388.75 an
ounce by 0036 GMT. It had jumped to its highest in nearly
three weeks around $1,398 on Thursday before falling back.
Bullion was below a lifetime high around $1,424 struck in
early November.
* The European Central Bank resisted pressure on Thursday
to commit to a major bond-buying program to contain the euro
zone debt crisis, but traders said the ECB had been quietly
buying bonds anyway. []
* U.S. gold futures for February was steady at
$1,389.5 an ounce.
* The world's largest gold-backed exchange-traded fund,
SPDR Gold Trust , said its holdings rose to 1,298.447
tonnes by Dec 2 from 1,293.891 tonnes on Dec 1. The holdings
hit a record at 1,320.436 tonnes on June 29.
* The world's largest silver-backed exchange-traded fund,
iShares Silver Trust , said its holdings slipped to
10,778.68 tonnes by Dec 2 from 10,782.69 tonnes on Dec 1. The
holdings jumped to an all-time high of 10,893.68 tonnes on
Nov 23. []
MARKET NEWS
* Japan's Nikkei share average rose 0.8 percent to
a six-month high on Friday, after a stream of positive U.S.
retail and housing data raised hopes for a swift recovery in
the world's biggest economy.
* The euro rose on Thursday on market talk the European
Central Bank was buying bonds, but lingering concerns about
the outlook for peripheral euro zone countries should continue
to put pressure on the currency.
(GMT) Data/EVENTS
0745 EZ ECB President Trichet press briefing
0858 EZ Markit Services PMI Nov
1130 India M3 Money Supply Weekly
1330 U.S. Non-farm payrolls Nov
1440 U.S. ECRI inflation Nov
1500 U.S. Durable goods Oct-R
1500 U.S. ISM N-Mfg PMI Nov
1530 U.S. ECRI index Weekly
:: EU energy ministers meeting on low-carbon energy
RELATED NEWS
> China mulls boost for strategic industries
> U.S. data shows fresh signs of improving economy
> U.S. Fed officials: QE2 will be regularly
reviewed
> Madoff trustee sues JPMorgan for $6.4 bln
> Email of analyst visited by FBI went to big
player
Precious metals prices at 0036 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1388.75 4.00 +0.29 26.75
Spot Silver 28.75 0.24 +0.84 70.83
Spot Platinum 1708.74 0.25 +0.01 16.48
Spot Palladium 762.47 3.25 +0.43 88.03
TOCOM Gold 3748.00 -25.00 -0.66 15.00 27381
TOCOM Platinum 4652.00 -3.00 -0.06 6.19 7917
TOCOM Silver 77.70 0.00 +0.00 50.29 1080
TOCOM Palladium 2060.00 42.00 +2.08 76.82 775
Euro/Dollar 1.3205
Dollar/Yen 83.72
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)
Reuters Terminal users can see related news and prices by
double clicking on the codes in brackets:
- All precious metals headlines
- Precious metals market reports
- Daily fixing headlines
- Technical analysis
- Indian gold reports
- European gold prices <0#PREC>
- London interbank gold forward rates <0#GOFO=>
- London silver forwards
- Gold lease rates <0#LGLR=>
- London Bullion Market Association
- New York Comex gold <0#GC:> and silver <0#SI:>
- New York platinum <0#PL:> and palladium <0#PA:>
- Asian gold prices <0#PREC>
- Australian precious metals prices <0#AUPREC=>
- Shanghai Gold Exchange prices
- Hong Kong gold exchange prices
- Hong Kong bullion prices
- Indian bullion prices <0#PREC-IN>
- Japanese producer prices
For Related News and other topics, double click on one of these
codes:
SPEED GUIDES
