PRECIOUS-Gold eases slightly, ETF steady

Wed Jun 17, 2009 1:14am BST
 
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 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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