PRECIOUS-Gold extends losses in early Asia trade
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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