Live Rates Powered By:
AUDUSD
NZDUSD
EURUSD
GBPUSD
USDJPY
USDCAD

PRECIOUS-Gold edges up after heavy losses on US jobs surprise
2012-02-06 09:29:29

 

SINGAPORE, Feb 6 (Reuters) - Spot gold edged higher on
Monday after surprisingly strong U.S. jobs data sent prices down
nearly 2 percent in the previous session, as investors shifted
focus to a looming deadline for Greece to accept the terms of a
new bailout deal.	
    	
    FUNDAMENTALS	
    * Spot gold edged up 0.2 percent to $1,728.90 an
ounce by 0034 GMT, after finishing the previous week down 0.7
percent.	
    * U.S. gold lost half a percent to $1,731.60.	
    * U.S. unemployment rate in January unexpectedly fell to a
near three-year low and job creation was at its fastest pace in
nine months, boosting confidence in the recovery of the world's
largest economy. 	
    * The encouraging U.S. jobs data boosted the dollar and
equities, but bullion saw its biggest daily fall in more than a
month on Friday as the data dampened hopes on fresh quantitative
easing measures.	
    * But the uncertainty in the euro zone debt crisis remained
supportive of safe-haven appetite in gold, as Greece approaches
a deadline on Monday on whether to accept the painful terms of a
new bailout deal. 	
    * Money managers, including hedge funds and other large
speculators, increased their bullish bets in gold, silver and
copper futures and options in the week of Jan. 31, as prices of
all three metals rose to multi-month highs. 	
    * Expectations of limited upside in prices of gold could
dent imports into India, pushing shipments down by a fourth in
the March quarter, with prices remaining steady below last
year's record till June-end, a Reuters poll revealed.
 	
    * For the top stories on metals and other news, click
, or 	
    	
    MARKET NEWS	
    * The euro and risk sentiment took a bit of a hit first
thing in Asia on Monday with markets getting anxious as the
deadline for Greece to clinch a second rescue package loomed
large. 	
    * A surge in hiring in the world's largest economy last
month drove the Nasdaq to an 11-year high on Friday as optimism
grew that the labor market is on a steady path to recovery. 	
    	
    DATA/EVENTS	
 0930  EZ       Sentix index              Feb
 1100  Germany  Industrial orders         Dec
 1500  US       Employment trend index    Jan
       	
    PRICES	
    Precious metals prices 0034 GMT
  Metal             Last    Change  Pct chg  YTD pct chg    Volume
  Spot Gold        1728.90    3.10   +0.18     10.56
  Spot Silver        33.54   -0.05   -0.15     21.13
  Spot Platinum    1616.24   -1.26   -0.08     16.03
  Spot Palladium    702.47   -2.53   -0.36      7.66
  COMEX GOLD APR2  1731.60   -8.70   -0.50     10.52         2624
  COMEX SILVER MAR2  33.57   -0.18   -0.53     20.26          307
  Euro/Dollar       1.3107
  Dollar/Yen         76.47
  COMEX gold and silver contracts show the most active months  
 	
	
 (Reporting by Rujun Shen; Editing by Himani Sarkar)

 





TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
5,333.504,913.50
1oz ABC Bullion Cast Bar
4,426.804,026.80
100g ABC Bullion Bar
14,205.6012,905.60
1kg ABC Bullion Silver
1,728.401,378.40
Slideshow
 
© 2011 Copyright By Ngoc Thanh NTGold. All Rights Reserved.
Powered by: Ngoc Thanh NTGold
 
  • Online: 559
  • Today: 8149
  • Total: 4649423