(Corrects headline to add dropped word "on")
TOKYO, Oct 22 (Reuters) - Spot gold was steady near $1,060 an
ounce on Thursday as it continued to draw investors seeking a
hedge to a weak dollar and to inflation concerns stemming from a
rally in oil prices.
FUNDAMENTALS
* Gold <XAU=> was flat at the notional close of $1,058.35 at
2353 GMT.
* U.S. gold futures for December delivery <GCZ9> were at
$1,059.80 per ounce, down 0.4 percent.
* The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust <GLD>, said its holdings stood at 1,108.094
tonnes as of Oct 21, down 0.1 percent from the previous business
day. []
MARKET NEWS
* The dollar touched a one-month low against the sterling on
Wednesday and the euro broke above the $1.50 level for the first
time in 14 months as expectations for low U.S. interest rates
weighed on the greenback. []
* U.S. stocks fell on Wednesday, hurt by a late sell-off in
financial shares after an influential bank analyst recommended
selling Wells Fargo <WFC.N> shares and a wider-than-expected loss
from Boeing <BA.N> disappointed investors []
* Oil jumped nearly 3 percent to settle above $81 a barrel on
Wednesday, its highest close in over a year, due to bullish U.S.
crude inventory data and a rise in U.S. equities that showed
optimism about the economy. []
DATA EVENTS
* The following data is expected on Thursday: <ECON>
- Swiss trade balance for Sept (0615 GMT)
- France business sentiment for Oct (0645 GMT)
- Sweden interest rate decision (0730 GMT)
- Italy retail sales for Aug (0800 GMT)
- UK retail sales for Sept (0830 GMT)
- Bank of England trends in lending report for Oct (0830 GMT)
- Italy trade balance for Sept (0900 GMT)
- Weekly U.S. jobless claims (1230 GMT)
- U.S. leading indicators for Sept (1400 GMT)
- U.S. FHFA home price index for Aug (1400 GMT)
RELATED NEWS
>Gold rises above $1,060/oz on gains in euro, oil []
>Weaker dlr reignites rally; oil, copper at year-high []
>Cash4Gold scraps for gold in Europe market push []
>India festival saw unexpected gold sales jump []
>Newcrest Sept quarter gold output drops 5 pct []
PRICES
Precious metals prices at 2350 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1058.85 $0.50 +0.05% +18.04% $860.10 64
Spot silver $17.61 -$0.05 -0.28% +46.99% $11.29 59
Spot plat $1357.50 -$1.50 -0.11% +0.78% $1319.52 63
TOCOM gold 3,093 4 +0.13% -0.35% 2,980 74
TOCOM plat 3,967 15 +0.38% -0.10% 3,830 74
Currencies
Euro/dlr $1.501 $0.000 +0.03% +0.50%
Dlr/yen 90.83 -0.12 -0.13% +0.18%
TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams. Spot prices in $ per ounce.
(Reporting by Miho Yoshikawa; Editing by Edwina Gibbs)
