Live Rates Powered By:
AUDUSD
NZDUSD
EURUSD
GBPUSD
USDJPY
USDCAD

PRECIOUS-Gold bounces after 2 pct drop, dollar eyed
2012-03-15 08:48:50

SINGAPORE, March 15 (Reuters) - Gold regained some
strength on Thursday after a drop in the previous session
attracted bargain hunters, but a strong dollar and worries that
monetary easing in the world's largest economy was over for now
made the metal vulnerable to more selling. 	
       	
    FUNDAMENTALS	
    * Spot gold added 56 cents to $1,642.66 an ounce by
0044 GMT after falling about 2 percent on Wednesday.	
     * U.S. April gold was steady at $1,643.20 an ounce.	
     * The dollar was holding hefty gains in Asia on Thursday
after yet another stellar offshore session, as optimism about
the U.S. economic recovery sparked a spike in Treasury yields.
 	
     * Developed economies will pick up steam this year thanks
to an array of ultra-loose monetary policies from major central
banks and amid new signs of progress in the euro zone's debt
crisis, Reuters polls found. 	
    * Premier Wen Jiabao said on Wednesday China must embrace
slower growth and bolder political reform to keep its economy
from faltering. He also dampened hopes for any near-term easing
measures in the country's property sector.
  	
    * For the top stories on metals and other news, click
, or 	
    	
    MARKET NEWS	
    * Asian shares eased on Thursday on renewed concerns about
Chinese growth, but a brighter global economic outlook
underpinned the dollar, reducing the appeal of safe-haven
government debts. 	
    * U.S. crude futures edged up on Thursday, paring the
previous session's 1.2-percent decline, but a strong dollar and
bulging crude inventories in the world's top oil consumer kept a
lid on gains. 	
         	
    DATA/EVENTS (GMT)	
    0630 India Repo Rate                          	
    1230  U.S. Jobless claims       Weekly          	
    	
    PRICES	
  Precious metals prices 0044 GMT
  Metal             Last    Change  Pct chg  YTD pct chg    Volume
  Spot Gold        1642.66    0.56   +0.03      5.04
  Spot Silver        32.12    0.02   +0.06     16.00
  Spot Platinum    1663.99   -6.69   -0.40     19.45
  Spot Palladium    694.97   -0.24   -0.03      6.51
  COMEX GOLD APR2  1643.20    0.30   +0.02      4.88         2542
  COMEX SILVER MAY2  32.14   -0.05   -0.14     15.12         1250
  Euro/Dollar       1.3019
  Dollar/Yen         83.98

 





TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
5,234.804,834.80
1oz ABC Bullion Cast Bar
4,351.603,971.60
100g ABC Bullion Bar
13,945.7012,845.70
1kg ABC Bullion Silver
1,693.801,343.80
Slideshow
 
© 2011 Copyright By Ngoc Thanh NTGold. All Rights Reserved.
Powered by: Ngoc Thanh NTGold
 
  • Online: 569
  • Today: 3302
  • Total: 4618578