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PRECIOUS-Gold mostly steady around $1,090

Thu Nov 5, 2009 6:03am IST
 
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 TOKYO, Nov 5 (Reuters) - Gold was little changed around
$1,090 per ounce on Thursday after soaring to an all-time high
the previous day for the second session in a row on a decline in
the dollar.
 FUNDAMENTALS
 * Spot gold XAU= was at $1,090.30 per ounce at 0014 GMT,
down 0.2 percent from New York's notional close of $1,092.35. It
rose as high as $1,097.25 on Wednesday.
 * U.S. gold futures for December delivery GCZ9 were at
$1,090.70 an ounce, up 0.3 percent. Futures hit a record high of
$1,098.50 on Wednesday.
 * The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust (GLD: Quote, Profile, Research), said its holdings stood at 1,108.399 tonnes as
of Nov. 4, unchanged from the previous business day. [GOL/SPDR]
 * The world's largest silver-backed exchange-traded fund, the
iShares Silver Trust (SLV: Quote, Profile, Research), said its bullion holdings stood at
8,740.15 tonnes as of Nov. 4, down 3.85 tonnes or 0.04 percent
from the previous business day. [ID:T92198]
 MARKET NEWS
 * The dollar fell against most currencies in choppy trading
on Wednesday after the Federal Reserve left interest rates
steady, as expected, and said it intends to keep rates low for an
"extended period". [USD/]
 * Oil prices rose 1 percent on Wednesday after government
data showed an unexpected decline in U.S. crude inventories, and
the Fed said it planned to keep interest rates low.
 * U.S. stocks rallied but lost steam on Wednesday after the
Fed decision.[.N]
 DATA EVENTS
 * The following data is expected on Thursday: ECON
 - UK industrial production for Sept           (0930 GMT)
 - Euro zone retail sales for Sept             (1000 GMT)
 - Bank of England policy decision             (1200 GMT)
 - European Central Bank policy decision       (1245 GMT)
 - Weekly U.S. jobless claims                  (1330 GMT)
 - U.S. third quarter preliminary productivity (1330 GMT)
 RELATED NEWS
 > Gold hits record above $1,095/oz as dollar drops        [GOL/]
 > Gold at record high as dollar falls, oil tops $80   [COM/WRAP]
 > INTERVIEW-Yamana CEO sees gold up, costs too   [ID:nN04335567]
 > Fed sees rates near zero for "extended period" [ID:nN04453484]
 > Elliot Wave's Prechter says gold rally overdone [ID:nN0440942]
 PRICES
 Precious metals prices at 0008 GMT
 Metal         Last      Change  Pct chg  Day ago pct  MA 30  RSI
 Spot gold    $1090.00   -$2.35  -0.22%   +21.52%    $860.10  75
 Spot silver    $17.38   -$0.06  -0.34%   +45.08%     $11.29  58
 Spot plat    $1359.00   -$5.00  -0.37%    +0.30%   $1337.45  61
 TOCOM gold      3,184       26  +0.82%    +3.78%      3,048  68
 TOCOM plat      3,969       27  +0.68%    +2.61%      3,880  58
 Currencies
 Euro/dlr       $1.486  -$0.001  -0.09%    +1.01%
 Dlr/yen         90.55    -0.12  -0.13%    +0.24%
 (Reporting by Miho Yoshikawa)






































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