PRECIOUS-Gold steadies under $940, ETF unchanged
TOKYO, June 15 (Reuters) - Gold steadied below $940 on Monday after it fell in the previous session on the back of a strong dollar rally which led to a shift of funds out of commodities.
FUNDAMENTALS
* Gold XAU= was at $937.70 per ounce at 0009 GMT, down 0.02 percent from New York's notional close of $937.90.
* U.S. gold futures for August delivery GCQ9 were at $937.30 per ounce, down 0.4 percent.
* The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust (GLD: Quote, Profile, Research), said its holdings were steady at 1,132.15 tonnes as of June 12, unchanged from the previous business day. [GOL/SPDR]
* Speculators boosted their holdings in U.S. gold futures with noncommercial investors net long on 189,674 contracts of gold futures in the week to June 9, compared to a net long of 187,340 contracts in the week to June 2. [ID:nN1282010]
MARKET NEWS
* The dollar rose broadly on Monday as a drop in oil prices late last week prompted investors to buy the greenback and take profits from gains made in recent weeks in commodities-linked currencies such as the Australian dollar. [USD/]
* Japan's benchmark Nikkei average .N225 fell 0.4 percent. [.T]
* The Dow moved into positive territory for the year for the first time since early January on Friday, lifted by defensive sectors like pharmaceuticals. [.N]
* U.S. consumer confidence this month fell short of expectations and a record drop in euro zone industrial production dampened signs from Asia of a nascent global economic recovery. [ID:nSP375389]
DATA EVENTS
* The following data is expected on Monday: ECON
- Bank of Japan begins 2-day policy board meeting (N/A)
- Swiss producer prices for May (0715 GMT)
- Euro zone employment for Q1 (0900 GMT)
- U.S. Treasury Secretary Geithner speaks (1300 GMT)
RELATED NEWS > Gold hits 3-week low under $940 as dollar rise [GOL/] > Markets in broad sell-off as dollar bounces back [COM/WRAP] > G8 finmins want curbs on commodity speculation [ID:nLD426487] > IMF chief says G20 funding pledges nearly met [ID:nLD477943]
PRICES
Precious metals prices at 0001 GMT Metal Last Change Pct chg Day ago pct MA 30 RSI Spot gold $937.60 -$0.30 -0.03% +4.53% $860.10 37 Spot silver $14.67 -$0.12 -0.81% +22.45% $11.29 42 Spot plat $1243.00 -$6.00 -0.48% +24.36% $961.97 59 COMEX gold $938.00 $45.70 +5.12% +2.65% $872.79 37 TOCOM gold 2,982 326 +12.27% +10.90% 2,529 44 TOCOM plat 3,954 1043 +35.83% +37.48% 2,759 67 Currencies Euro/dlr $1.398 $0.097 +7.44% +7.85% Dlr/yen 98.39 6.93 +7.58% +7.16%
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 Edwina Gibbs)
© Thomson Reuters 2009 All rights reserved
One Year Later
Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and ratcheted up tensions with Pakistan. Slideshow | Full Coverage
Liberhan Commission Report
The government published a long awaited report, recently leaked, accusing BJP leaders of a role in the 1992 destruction of the Babri mosque in Ayodhya. Full Article











