PRECIOUS-Gold eases slightly, ETF steady
TOKYO, June 17 (Reuters) - Gold eased slightly on Wednesday after rising the previous session on the dollar's decline amid speculation that major emerging countries could diversify their reserves away from the U.S. currency.
FUNDAMENTALS
* Gold XAU= was at $932.40 per ounce at 2350 GMT, down 0.2 percent from New York's notional close of $934.10.
* U.S. gold futures for August delivery GCQ9 were at $932.40 per ounce, up 0.02 percent.
The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust (GLD), said its holdings stood at 1,132.15 tonnes
as of June 16, unchanged for eight business days. [GOL/SPDR]
MARKET NEWS
* U.S. stocks slipped on Tuesday as mixed economic data and Best Buy's disappointing sales spurred worries about an anemic recovery. [.N]
* The dollar fell across the board on Tuesday, pressured by comments from Russia suggesting a need for a global reserve currency other than the greenback. [USD/]
DATA EVENTS
* The following data is expected on Wednesday: ECON
- Australia dwelling unit starts for Q1 (0130 GMT)
- Swiss April retail sales (0715 GMT)
- UK labour market data (0830 GMT)
- Euro zone April trade data (0900 GMT)
- Weekly U.S. mortgage market index (1100 GMT)
- U.S. CPI/Core CPI for May (1230 GMT)
- U.S. current account for Q1 (1230 GMT)
- U.S. real earnings for May (1230 GMT)
RELATED NEWS > Gold rises as dollar's reserve status in focus [GOL/] > Lumber jumps near 9-month high; other markets drop [COM/WRAP] > Gold gains limited by deflation [ID:nN15628912] > US housing starts jump in May, inflation muted [ID:nN16262919] > BRIC demands more clout, steers clear of dollar [ID:nLG674351]
PRICES
Precious metals prices at 2352 GMT Metal Last Change Pct chg Day ago pct MA 30 RSI Spot gold $932.40 -$1.70 -0.18% +3.95% $860.10 37 Spot silver $14.13 -$0.04 -0.28% +17.95% $11.29 35 Spot plat $1214.00 -$1.00 -0.08% +0.83% $1191.23 45 COMEX gold $931.50 -$3.90 -0.42% +0.50% $946.21 37 TOCOM gold 2,918 21 +0.72% -1.68% 2,957 35 TOCOM plat 3,830 38 +1.00% -2.07% 3,705 49 Currencies Euro/dlr $1.381 -$0.002 -0.16% +0.17% Dlr/yen 96.10 -0.22 -0.23% -1.76% TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices in $ per ounce. (Reporting by Miho Yoshikawa; Editing by Chris Gallagher)
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