PRECIOUS-Gold steadies around $930/oz, ETF unchanged

Tue Jun 16, 2009 1:34am BST
 
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 TOKYO, June 16 (Reuters) - Gold steadied around $930 an ounce
on Tuesday after falling about $25 over the previous two sessions
on a rally in the dollar, which had led to a shift of funds out
of commodities.
 FUNDAMENTALS
 * Gold XAU= was at $929.85 an ounce at 2349 GMT, up 0.2
percent from New York's notional close of $927.85.
 * U.S. gold futures for August delivery GCQ9 were at $931.00
an ounce, up 0.4 percent from Monday's settlement on the COMEX
division of the New York Mercantile Exchange.
 * 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 15, unchanged since June 5. [GOL/SPDR]
 * ETF Securities said on Monday the amount of gold it holds
to back its Gold Bullion Securities exchange-traded commodity
rose nearly 10,000 ounces on June 12. [ID:nLF380538]
 MARKET NEWS
 * The dollar rose broadly on Monday after Russia expressed
confidence in the greenback as the world's reserve currency,
while concerns about the euro zone economy undermined the euro.
[USD/]
 * The euro fell after the European Central Bank said euro
zone banks will probably need to write down another $283 billion.
[ID:nLF804645]
 * The Bank of Japan is poised to weigh in on the growing
debate over rising global bond yields at its rate review on
Tuesday, although it sees little need to increase its outright
government bond buying for now. [ID:nT260639]
 * Japan's benchmark Nikkei share average .N225 fell 1.3
percent. [.T]
 * U.S. stocks tumbled, marking their worst slide in a month
on Monday after regional manufacturing data dented optimism about
the economy's health and resource shares fell alongside
commodities prices. [.N]
 DATA, EVENTS
 - Bank of Japan monetary policy decision (N/A)
 - Federal Reserve board governor Warsh speaks (1715 GMT)
 * The following data is expected on Tuesday: ECON
 - Euro zone inflation data for May (0900 GMT)
 - U.S. PPI/core PPI for May (1230 GMT)
 - U.S. housing starts/building permits for May (1230 GMT)
 - U.S. industrial output/capacity use for May (1315 GMT)
 RELATED NEWS
 >Commodities markets slump on strong dlr, G8 caution  [COM/WRAP]
 >IMF chief warns too soon to roll back stimulus   [ID:nSP489110]
 >Gold gains limited by deflation,dlr-tech analyst[ID:nN15628912]
 >Peru protesters shut road to Buenaventura mine  [ID:nN15223543]
 >Mexican miners lift strike at Gammon Gold mine  [ID:nN15201166]
 >Indian, Thai jewellers buy gold on dips          [ID:nSP392134]
 >Lonmin shuts down furnace, shares slide          [ID:nLF304381]
 PRICES
 Precious metals prices at 0001 GMT
 Metal         Last      Change  Pct chg  Day ago pct  MA 30  RSI
 Spot gold     $930.25    $2.40  +0.26%    +3.71%    $860.10   32
 Spot silver    $12.25   -$1.80 -12.81%    +2.25%     $11.29   34
 Spot plat    $1208.00    $4.00  +0.33%    -3.28%   $1187.53   43
 COMEX gold    $930.90    $3.50  +0.38%    -0.98%    $945.28   31
 TOCOM gold      2,936      -31  -1.04%    -1.64%      2,957   36
 TOCOM plat      3,811     -100  -2.56%    -3.37%      3,696   53
 Currencies
 Euro/dlr       $1.378  -$0.001  -0.09%    -1.50%
 Dlr/yen         97.63    -0.19  -0.19%    -0.84%
 TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams.  Spot prices in $ per ounce.
 (Reporting by Risa Maeda; Editing by Chris Gallagher)





































 

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