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TABLE-Kazakhstan's Jan copper, steel, zinc output rises y/y

Kazakhstan's January refined copper output jumped 11.1 percent year-on-year and crude steel output rose 2.9 percent, while refined zinc production climbed 2.6 percent, Statistics Committee data showed on Monday. London-listed copper miner KAZ Minerals and Glencore's Kazzinc account for a large part of Kazakhstan's metals production. ArcelorMittal owns the country's only major steel plant in Temirtau. The Statistics Committee provided the following data on Kazakhstan's non-ferrous, steel and precious metals output in its latest monthly bulletin: Jan 2018 Dec 2017 REFINED COPPER (tonnes) 35,770 39,641 mth/mth pct change -9.8 2.0 yr/yr pct change 11.1 11.4 REFINED ZINC (T) 28,474 27,823 mth/mth pct change 2.3 0.0 yr/yr pct change 2.6 0.0 ZINC CONCENTRATE (T) 19,600 25,000 mth/mth pct change -21.6 -9.1 yr/yr pct change -22.5 -21.6 ALUMINA AND UNWROUGHT 150,605 150,824 ALUMINIUM (T) mth/mth pct change -0.1 2.5 yr/yr pct change 0.9 4.1 BAUXITE (T) 429,100 382,700 mth/mth pct change 12.1 12.2 yr/yr pct change 4.8 -6.8 FERRO-ALLOYS (T) 171,287 173,167 mth/mth pct change -1.1 5.2 yr/yr pct change 2.3 6.1 CRUDE STEEL (T) 380,587 424,406 mth/mth pct change -10.3 2.2 yr/yr pct change 2.9 13.9 LEAD CONCENTRATE (T) 6.6 8.2 mth/mth pct change -19.5 -1.2 yr/yr pct change -10.8 -18.0 REFINED LEAD (T) 13,215 10,474 mth/mth pct change 26.2 -14.2 yr/yr pct change 1.1 2.8 REFINED GOLD (kg) 2,836 4,283 mth/mth pct change -33.8 14.6 yr/yr pct change 16.1 34.1 REFINED SILVER (kg) 58,975 99,871 mth/mth pct change -40.9 15.4 yr/yr pct change -12.7 14.1 (Reporting by Olzhas Auyezov; editing by Jane Merriman)

PRECIOUS-Gold steady as dollar tries to regain footing

Gold prices were mostly flat on Monday as the dollar clawed back some recent losses and stocks rose, but U.S. inflation fears kept buyers in the metal. Spot gold was flat at $1,346.92 an ounce at 1330 GMT. The metal rose 2.4 percent last week in its biggest weekly gain in more than five months. U.S. gold slipped 0.5 percent to $1,349 per ounce. "Gold is doing relatively well in a risk-on environment. The safe-haven appeal (in gold) is a bit in question but it has a lot to do with movements in the dollar which has recovered somewhat," said ABN AMRO commodity strategist Georgette Boele. The dollar index , which measures the greenback against a basket of currencies, was up 0.2 percent after shedding 1.4 percent last week. Investors piled into gold last week on concerns that U.S. inflation could heat up. In wider markets, world stocks extended their recovery on Monday while oil inched higher. The minutes of the U.S. Federal Reserve's last policy meeting, held amid the equities tumble on Jan. 30-31, are due on Wednesday. Besides the outlook on rates, markets will be keen to see what the Fed made of the market gyrations. A 37-page indictment filed by U.S. Special Counsel Robert Mueller charged 13 Russians and three Russian companies with meddling in the 2016 U.S. presidential election. Russia denounced the allegations. Gold is often used as a hedge against geopolitical uncertainty. Hedge funds and money managers cut their net long positions in COMEX gold in the week to Feb. 13, U.S. Commodity Futures Trading Commission data showed on Friday. Trading is expected to be slower than usual this week due Lunar New Year celebrations in China. Monday is also a market holiday in the United States. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.39 percent to 824.54 tonnes on Friday. Among other precious metals, silver was steady at $16.66 an ounce after falling 1.2 percent in the previous session. Platinum was up 0.9 percent at $1,011.80 an ounce, after earlier touching its highest in over three weeks at $1,013.50. Palladium fell 0.6 percent to $1,011.38 an ounce after touching its highest in about two weeks. "Palladium has been expensive and overvalued for a long time now so I could see it go lower from here," ABN AMRO's Boelle said. (Additional reporting by Nallur Sethuraman in Bengaluru; Editing by Mark Potter and Louise Heavens)

PRECIOUS-Gold flat as equities recovery offsets inflation worries

Gold prices held steady on Monday as a wavering dollar and rising equity markets offset rising inflation expectations that have spurred recent safe-haven purchases of the metal. Spot gold was mostly unchanged at $1,347.50 an ounce by 0824 GMT. The metal rose 2.4 percent last week in its best weekly gain in more than five months, as investors bought gold on fears of rising inflation in the United States. U.S. gold slipped 0.4 percent to $1,350 per ounce. The dollar index , which measures the greenback against a basket of currencies, was up 0.1 percent at 89.174, after slipping by the same percentage earlier in the session. Asian shares gained on Monday, joining a global recovery in equity markets as sentiment improved after a shakeout sparked by fears of inflation and higher borrowing costs. "The dollar index is still not showing any clear sign of robustness and it appears that the overall bearish trend (for the dollar) could continue," said Naeem Aslam, chief market analyst at Think Markets UK Ltd. "The weaker dollar is boosting the gold shine. The precious metal could test the resistance of $1,384, and this is despite the fact that the Fed could change its stance towards a more hawkish monetary policy," Aslam said. The minutes of the U.S. Federal Reserve's last policy meeting, held amid the equities tumble on Jan. 30-31, are due on Wednesday. Besides the outlook on rates, markets will be keen to see what the Fed makes of the gyrations in markets. "When coupled with inflationary concerns heightening and a probable follow-up correction in equities markets around the corner, gold's safe-haven demand should continue to glitter," said Stephen Innes, APAC trading head at OANDA. Safe-haven buying could also emerge as political tensions rise in Washington, ANZ analysts said in a research note. A 37-page indictment filed by U.S. Special Counsel Robert Mueller charged 13 Russians and three Russian companies for meddling in the 2016 U.S. presidential election. Russia denounced the allegations. Hedge funds and money managers cut their net long positions in COMEX gold in the week to Feb. 13, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. Trading is expected to be slower than usual this week due Lunar New Year celebrations in China. Monday is also a market holiday in the United States. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.39 percent to 824.54 tonnes on Friday. Among other precious metals, silver rose 0.1 percent to $16.68 an ounce. Platinum was up 0.8 percent at $1,010 an ounce, while palladium rose 0.2 percent to $1,045.99 an ounce. (Reporting by Nallur Sethuraman in Bengaluru; Editing by Joseph Radford and Tom Hogue)

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