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PRECIOUS-Gold on track for biggest annual loss since 1981
December 31, 2013 / 12:46 AM / 4 years ago

PRECIOUS-Gold on track for biggest annual loss since 1981

SINGAPORE, Dec 31 (Reuters) - Gold staged a modest rebound
on Tuesday after falling more than 1 percent in the previous
session, but the precious metal was on track for its biggest
annual loss since 1981 as investors shifted their money to
    * Gold added $1.80 an ounce to $1,197.80 an ounce by
0028 GMT.        
    * U.S. gold fell 0.54 percent to $1,197.30 an ounce.
    * SPDR Gold Trust, the world's largest gold-backed
exchange-traded fund, said its holdings fell 0.37 percent to
798.22 tonnes on Monday from 801.22 tonnes on Friday. In terms
of ounces, holdings fell to 25,663,578.79 from
25,760,019.68, their lowest since 2009. 
    * China's net gold imports from Hong Kong fell 42 percent to
below 100 tonnes in November, reflecting a drop in demand from
jewellers and retail investors after strong purchases in recent
    * Hedge funds and money managers raised their net long
position in copper futures and options for a second straight
week and cut their bullish bets in gold and silver in the week
to Dec. 24, data from the Commodity Futures Trading Commission
showed on Monday. 
    * Indian gold futures dropped on Monday tracking global
prices, which fell on expectations that an improvement in the
U.S. economy would lower demand for the yellow metal. 
    * For the top stories on metals and other news, click
, or 
    * Global stocks are closing out 2013 sitting on sizable
gains courtesy of super-easy monetary policies and an improving
economic outlook, though some emerging markets have less to crow
about as funds return to rich-world assets. 
    * Crude oil futures tumbled on both sides of the Atlantic on
Monday on early signals that oil output in Libya may be starting
to recover and concerns over a buildup in local government debt
in China, the world's second-largest oil consumer. 
    1245  U.S. ICSC chain stores yy   Weekly     USUBSY=ECI 
    1445  U.S. Chicago PMI             Dec        USCPMI=ECI 
    1500  U.S. Consumer confidence     Dec        USCONC=ECI 
  Precious metals prices 0028 GMT
  Metal             Last    Change  Pct chg  YTD pct chg    Volume
  Spot Gold        1197.80    1.80   +0.15    -28.47
  Spot Silver        19.58    0.03   +0.15    -35.34
  Spot Platinum    1356.75    1.25   +0.09    -11.61
  Spot Palladium    707.50    1.50   +0.21      2.24
  COMEX GOLD FEB4  1197.30   -6.50   -0.54    -28.55          973
  COMEX SILVER MAR4  19.62    0.00   +0.03    -35.26          403
  Euro/Dollar       1.3800
  Dollar/Yen        104.95
  COMEX gold and silver contracts show the most active months

 (Reporting by Lewa Pardomuan; Editing by Subhranshu Sahu)

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