TOKYO, Jan 6 (Reuters) - Gold prices steadied a little below
$1,120 on Wednesday, a day after erasing early gains as the
dollar strengthened against the euro.
FUNDAMENTALS
* Spot gold <XAU=> was at $1,118.15 an ounce as of 0017 GMT,
compared to New York's notional close of $1,118.10. It has so far
moved between $1,115.60 and $1,119.75.
* U.S. gold futures for February delivery <GCG0> were at
$1,119.50, up about 0.1 percent.
* Platinum and palladium jumped to their highest prices in
well over a year on Tuesday, on anticipation of industrial demand
spurred by strong December sales by Ford Motor Co <F.N>.
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings stood at 1,128.745 tonnes as
of Jan. 5, unchanged from the previous business day. []
* The world's largest silver-backed exchange-traded fund, the
iShares Silver Trust <SLV>, said its silver holdings stood at
9,488.81 tonnes as of Jan. 5, down 0.04 percent from the previous
business day. []
MARKET NEWS
* The euro fell from a three-week high versus the dollar in
choppy trading on Tuesday. The dollar suffered its sharpest dip
against the yen in nearly a month, however, as weak U.S. housing
data lowered expectations of a rate hike any time soon. []
* The S&P 500 and the Nasdaq rose on Tuesday as
better-than-expected factory orders and a surge in vehicle sales
by Ford provided more evidence of an economic recovery. []
DATA EVENTS
* The following data is expected on Wednesday: <ECON>
- Euro zone services/composite PMI for December (0858 GMT)
- Euro zone industrial orders for October (1000 GMT)
- Euro zone PPI for November (1000 GMT)
- Weekly U.S. mortgage market index (1200 GMT)
- Challenger U.S. job cuts for December (1315 GMT)
- U.S. ADP employment report for December (1315 GMT)
- U.S. ISM non-manufacturing for December (1500 GMT)
RELATED NEWS
>PRECIOUS-Gold cuts gains to turn lower; dollar rises []
>COMMODITIES-Conflicting data spurs mixed price action
[]
>India gold buying continues as rupee gains []
>U.S. pending home sales slump, factory orders up []
>Economy hopes drive up stocks, risk appetite []
PRICES
Precious metals prices at 0012 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1119.15 $1.05 +0.09% -3.35% $1132.98 56
Spot silver $17.73 -$0.03 -0.17% -2.48% $17.71 62
Spot plat $1520.00 -$8.50 -0.56% -0.10% $1454.68 74
COMEX gold $1119.40 $0.60 +0.05% +0.04% $1140.49 58
TOCOM gold 3,312 -14 -0.42% +0.18% 3,285 58
TOCOM plat 4,498 11 +0.25% +1.10% 4,209 85
Currencies
Euro/dlr $1.436 -$0.001 -0.08% -0.36%
Dlr/yen 91.63 -0.09 -0.10% -0.99%
TOCOM prices in yen per gram and spot prices in $ per ounce.
(Reporting by Miho Yoshikawa; Editing by Michael Watson)
