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PRECIOUS-Gold mostly flat, hovers under $1,100

Mon Nov 9, 2009 6:01am IST
 
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 TOKYO, Nov 9 (Reuters) - Gold was mostly unchanged on Monday
after surging to a record high above $1,100 per ounce in the
previous session as a rise in the U.S. unemployment rate to a
26-½   year high prompted investors to seek a safe haven.
 FUNDAMENTALS
 * Spot gold XAU= was at $1,096.05 per ounce at 0020 GMT,
down 0.02 percent from New York's notional close of $1,096.30. It
hit a record high of $1,100.90 on Friday.
 * U.S. gold futures for December delivery GCZ9 were at
$1,096.50 an ounce, up 0.1 percent.
 * Noncommercial net long U.S. gold futures positions fell 0.2
percent to 241,319 lots in the week to Nov. 3 from 241,777, a
weekly report by the U.S. Commodity Futures Trading Commission
showed.  [ID:nN06206760]
 * The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust (GLD: Quote, Profile, Research), said its holdings stood at 1,108.344 tonnes as
of Nov. 6, unchanged from the previous business day. [GOL/SPDR]
 MARKET NEWS
 * The dollar fell on Monday, hurt in part by a meeting of the
Group of 20 finance officials that failed to take any concrete
action to rebalance global flows or talk more specifically about
the dollar's recent decline. [USD/]
 * Japan's Nikkei average edged down 0.5 percent on Monday,
with Canon Inc (7751.T: Quote, Profile, Research) and other exporters hit by wariness about
the U.S. economy after mixed jobs data as well as by a stronger
yen. [.T]
 DATA EVENTS
 * The following data is expected on Monday: ECON
 - Australia Sept housing finance          (0030 GMT)
 - German Sept trade balance               (0700 GMT)
 - Bank of France survey                   (0730 GMT)
 - Euro zone Nov Sentix index              (0930 GMT)
 - German Sept industry output             (1100 GMT)
 - U.S. Oct employment trend index for Oct (1500 GMT)
 RELATED NEWS
 > Gold surges to record after weak U.S. jobs data       [GOL/]
 > Gold at record high, others down on US jobs scare [COM/WRAP]
 > On gold, China says improving FX allocation  [ID:nPEK217886]
 > US jobless rate hits 26-½   year high     [ID:ID:nN06178752]
 > G20 plans imbalances framework                [ID:nL7165900]
 PRICES
 Precious metals prices at 0012 GMT
  Metal         Last      Change  Pct chg  Day ago pct  MA 30 RSI
 Spot gold    $1095.75   -$0.55  -0.05%   +22.16%    $860.10  77
 Spot silver    $17.41    $0.03  +0.17%   +45.33%     $11.29  59
 Spot plat    $1342.50    $0.00  +0.00%    +0.00%   $1342.30  51
 TOCOM gold      3,175      -14  -0.44%    +0.09%      3,066  66
 TOCOM plat      3,894       -6  -0.15%    -1.57%      3,901  47
 Currencies
 Euro/dlr       $1.485  -$0.003  -0.19%    +0.09%
 Dlr/yen         89.77    -0.22  -0.24%    -0.09%
 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)






































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