Gold steady above off 1-week low, watches dollar

Tue Jul 8, 2008 1:40am BST
 
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 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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Euro inGBP =0.8051
¥en inGBP =0.0052

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