Gold steady above off 1-week low, watches dollar
SINGAPORE, July 8 (Reuters) - Gold steadied on Tuesday after falling to a 1-week low hit the previous day, with dealers closely watching movements in the U.S. dollar against other currencies for direction.
-- Gold <XAU=> was at $925.25/926.25 an ounce, barely changed from $925.15/926.35 an ounce late in New York. Gold fell as low as $914.50 an ounce on Monday, its lowest level since June 27, amid declines in commodities markets.
-- Gold futures for August delivery GCQ8 on the COMEX division of the New York Mercantile Exchange fell $2.1 an ounce to $926.7.
-- SPDR Gold Trust GLD.P, the world's largest gold-backed exchange-traded fund, closed strong at 658.38 tonnes on Monday, off a near-recordhigh at 658.57 tonnes hit last week. XAUEXT-NYS-TT
-- The dollar rose versus the yen in choppy trade on Monday as U.S. stocks recouped some losses despite renewed fears financial institutions might be forced to write down more mortgage-related assets and raise capital. [USD/]
-- Spot platinum <XPT=> rose to $1,980/1,990 an ounce from $1,967/1,987 an ounce late in New York. It had dropped to $1,962.50 an ounce on Monday, its lowest level since early June, on fears of weakening demand.
-- Spot palladium <XPD=> fell to $442.00/450.00 an ounce from $443.00/451.00 an ounce.
-- Silver <XAG=> edged up to $17.80/17.86 an ounce from $17.79/17.84 late in London.
-- The most active Tokyo platinum contract for June 2009 delivery <0#JPL:> on the Tokyo Commodity Exchange fell 13 yen per gram to 6,726 yen. Precious metals prices at 0035 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 925.25 -0.20 -0.02 11.11 Spot Silver 17.80 0.05 +0.28 20.51 Spot Platinum 1980.00 13.00 +0.66 30.26 Spot Palladium 442.00 -1.00 -0.23 20.11 TOCOM Gold 3215.00 -5.00 -0.16 5.07 11417 TOCOM Platinum 6729.00 -10.00 -0.15 26.03 5431 TOCOM Silver 619.30 -2.40 -0.39 14.47 576 TOCOM Palladium 1569.00 -8.00 -0.51 16.14 577 Euro/Dollar 1.5720 Dollar/Yen 107.03 TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices in $ per ounce. (Reporting by Lewa Pardomuan; Editing by Clarence Fernandez)
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