SINGAPORE, May 30 (Reuters) - Gold edged up on Friday,
recouping some of the losses of the previous session, when it
fell by more than 2 percent on tumbling oil prices and a rising
dollar.
-- Spot gold <XAU=> stood at $879.45/880.45 an ounce by
0100 GMT, up from $877.85/879.25 an ounce late in New York on
Thursday.
-- Gold fell to $874.05 an ounce on Thursday, a two-week
low, as oil lost $4.41 a barrel and the dollar rose to a
three-month high against the yen.
Other precious metals followed suit, with platinum
slipping by more than 4 percent to touch a three-week trough
and sliver shedding 4.3 percent in choppy trade.
-- The U.S. dollar held steady near a three-month high
against the yen on Friday, in the wake of an upward revision to
U.S. economic growth figures that bolstered expectations for
the Federal Reserve to raise interest rates this year. []
The dollar rose 0.1 percent from late Thursday U.S. trade
to 105.62 yen <JPY=>, hovering near a three-month high of
105.88 yen struck on electronic trading platform EBS on
Thursday.
-- Oil was steady on Friday after falling more than $4 on
Thursday, when traders shrugged off an unexpected drop in
weekly inventories.
Front-month U.S. crude for July delivery <CLc1> was down 5
cents, at $126.57 a barrel on the Globex electronic trading
platform, down more than $8 from last week when it hit a
record-high $135.09.
-- Gold futures for June delivery <GCM8> on the COMEX
division of the New York Mercantile Exchange were up $1.50 an
ounce at $879.10 an ounce, having slumped to an intraday
two-week low of $876,10 on Thursday.
-- The most active Tokyo gold futures contract <0#JAU:>,
for April, was down 46 yen at 3,012 yen per gram, after having
settled 30 yen higher at 3,058 yen per gram on Thursday.
Spot platinum <XPT=> was quoted at $1,982/1,992 an ounce,
from $1,990.50/2,010.50 late in New York.
-- The most active Tokyo platinum futures <0#JPL:>,for
April, fell 185 yen per gram to 6,568 yen.
-- Silver <XAG=> edged further down to $16.68/16.74 an
ounce from $16.86/16.92 late in New York.
-- Spot palladium <XPD=> also fell, to $423/$428 an ounce,
from 427.50/435.50.
Precious metals prices at 0100 GMT
Metal Last Change Pct chg YTD pct chg
Turnover
Spot Gold 879.45 3.05 +0.35 5.61
Spot Silver 16.68 0.12 +0.72 12.93
Spot Platinum 1982.00 -4.50 -0.23 30.39
Spot Palladium 423.00 1.50 +0.36 14.95
TOCOM Gold 3012.00 -46.00 -1.50 -1.57
11840
TOCOM Platinum 6568.00 -185.00 -2.74 23.02
8929
TOCOM Silver 574.40 -22.00 -3.69 6.17
359
TOCOM Palladium 1465.00 -22.00 -1.48 8.44
187
Euro/Dollar 1.5513
Dollar/Yen 105.62
Note - TOCOM prices in yen per gram, except TOCOM silver
which is priced in yen per 10 grams. Spot prices in $ per
ounce.
(Reporting by Maryelle Demongeot)
