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PRECIOUS-Gold steadies under $940, ETF unchanged

Mon Jun 15, 2009 5:54am IST
 
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 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)





































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