PRECIOUS-Gold extends losses in early Asia trade

Tue Jan 6, 2009 12:52am GMT
 
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 SINGAPORE, Jan 6 (Reuters) - Gold extended losses early on
Tuesday, slipping more than half a percent following Monday's
near-2-percent drop on dollar weakness and worries about
physical demand from India, the world's largest gold consumer.
 -- Gold XAU= traded $5.80 lower at $853.10 an ounce from
New York's notional close on Monday, when it dipped to $843.50,
it's lowest in over a week.
 -- Oil prices CLc1 were steady, down 4 cents or 0.1
percent at $48.77 a barrel, supported by geopolitical worries
in the Middle East and a dispute between Russia and Ukraine
over gas pricing. [O/R]
 -- The U.S. dollar held steady against the euro at $1.3610
after rallying to a three-week high versus the single currency
on Monday. [USD/]
 -- Platinum XPT= dropped 1.4 percent or $13 to $933.00.
 -- New York gold futures GCG9 fell $21.8 an ounce to
$863.7 in electronic trade.
 Precious metals prices at 0028 GMT
 Metal             Last    Change  Pct chg  YTD pct chg
Turnover
 Spot Gold         853.10   -5.80   -0.68     -3.07
 Spot Silver        11.12   -0.10   -0.89     -1.77
 Spot Platinum     933.00  -13.00   -1.37      0.11
 Spot Palladium    181.50   -2.00   -1.09     -1.63
 Euro/Dollar       1.3610
 Dollar/Yen         93.07
 (Reporting by Nick Trevethan; Editing by Michael Urquhart)





































 

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