PRECIOUS-Gold rises on Greek austerity bill, off 2-wk low
2012-02-13 09:54:41
SINGAPORE, Feb 13 (Reuters) - Gold strengthened on
Monday after Greece's parliament finally approved a deeply
unpopular austerity bill to secure a second EU/IMF bailout to
avoid national bankruptcy.
FUNDAMENTALS
* Spot gold added $3.70 an ounce to $1,723.09 an
ounce by 0029 GMT, having fallen to $1,703.69 on Friday, its
lowest since late January, as uncertainty over negotiations for
Greece's bailout package prompted investors to cash in.
* U.S. gold for April delivery was steady at
$1,725.60 an ounce.
* Cinemas, cafes, shops and banks were set ablaze in central
Athens and black-masked protesters fought riot police outside
parliament before lawmakers voted on an austerity bill that
demands deep cuts to pay, pension and jobs - the price of a 130
billion euro bailout needed to keep Greece afloat.
* Chinese Premier Wen Jiabao has said China will start to
fine-tune its economic policy in the first quarter, the official
Shanghai Securities News quoted him as saying on Monday, the
government's most explicit indication yet of a monetary easing.
* For the top stories on metals and other news, click
, or
MARKET NEWS
* Asian shares and the euro gained modestly on Monday, along
with Japan's Nikkei share average, relieved by the Greek
parliament's passage of austerity measures.
DATA/EVENTS (GMT)
0700 - GERMANY WHOLESALE PRICES INDEX FOR JANUARY
0815 - SWITZERLAND PRODUCER PRICES FOR JANUARY
N/A - WHITE HOUSE RELEASES BUDGET
2145 - NEW ZEALAND FOOD PRICE INDEX FOR JANUARY
TIME | |||||
---|---|---|---|---|---|
Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
Prices By NTGOLD | ||
---|---|---|
We Sell | We Buy | |
37.5g ABC Luong Bar | ||
5,333.50 | 4,913.50 | |
1oz ABC Bullion Cast Bar | ||
4,426.80 | 4,026.80 | |
100g ABC Bullion Bar | ||
14,205.60 | 12,905.60 | |
1kg ABC Bullion Silver | ||
1,728.40 | 1,378.40 |
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