SINGAPORE, Jan 6 (Reuters) - Spot gold prices were steady
on Thursday, after falling to a three-week low in the previous
session, as upbeat U.S. employment data dented safe-haven
appetite, setting the focus on more detailed non-farm payrolls
data on Friday.
FUNDAMENTALS
* Spot gold was little changed at $1,376.49 an
ounce at 0033 GMT, after touching $1,363.8 in the previous
session, its lowest since Dec 16.
* U.S. gold futures gained 0.2 percent to $1,376.8.
* Holdings in the world's largest gold-backed
exchange-traded fund, SPDR Gold Trust , continued to
slip, down to a seven-month low of 1,272.682 tonnes by Jan 5,
down 2 percent from 1,297.726 tonnes on Dec 7 when gold hit
the record high.
* The U.S. services sector grew last month at its quickest
pace since mid-2006 and private-sector hiring was triple
economists' forecasts, though recovery across Europe remained
mixed. []
* The dollar held on to its gains from the precious
session, and is seen to strengthen after strong private
employment data lifted hopes for Friday's non-farm payrolls
data.
* Inflation remains a top concern for China, the world's
second largest economy. China's central bank governor Zhou
Xiaochuan warned that inflation was mounting and that more
could be done to guide the growth of money.[]
MARKET NEWS
* The creation of three times as many private-sector jobs
as expected turned Wall Street's early losses into gains on
Wednesday, extending a rally investors worried had come too
far too fast.
DATA/EVENTS (GMT)
0858 EZ Markit Serv PMI Dec 2010
1000 EZ Business climate Dec 2010
1000 EZ Economic sentiment Dec 2010
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PRICES
Precious metals prices 0033 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1376.49 -1.16 -0.08 -3.03
Spot Silver 29.53 0.29 +0.99 -4.31
Spot Platinum 1729.74 3.24 +0.19 -2.14
Spot Palladium 772.97 -0.03 -0.00 -3.32
TOCOM Gold 3699.00 34.00 +0.93 -0.80 28573
TOCOM Platinum 4693.00 47.00 +1.01 -0.06 8033
TOCOM Silver 79.40 0.90 +1.15 -1.98 1069
TOCOM Palladium 2078.00 20.00 +0.97 -0.91 381
Euro/Dollar 1.3164
Dollar/Yen 83.25
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting By Rujun Shen; Editing by Ed Lane)
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