PRECIOUS-Gold falls on profit-taking after more than 1 pct gain
2012-03-27 09:02:02
SINGAPORE, March 27 (Reuters) - Gold edged down on Tuesday, with speculators booking profits after prices jumped more than 1 percent in the previous session when the Federal Reserve signaled supportive monetary policy could continue in the United States. FUNDAMENTALS * Spot gold had fallen $2.60 an ounce to $1,689.14 by 0023 GMT. * Bullion rose to $1,693.39 on Monday, its strongest since March 13, after Fed Chairman Ben Bernanke Bernanke said the U.S. economy needed to grow more quickly to further reduce unemployment. That fuelled bullion buying as a hedge against long-term inflation and economic uncertainty. * U.S. gold added $3.60 an ounce to $1,689.20 an ounce. * For the top stories on metals and other news, click , or MARKET NEWS * Japan's Nikkei average climbed more than 1 percent on Tuesday, following overnight gains on Wall Street after Bernanke's comments. * The euro advanced against the dollar and yen for a second straight day on Monday. DATA/EVENTS (GMT) 0600 - GERMAN CONSUMER SENTIMENT FOR APRIL 1145 - ICSC/GOLDMAN SACHS WEEKLY U.S. CHAIN STORE SALES 1255 - REDBOOK WEEKLY U.S. RETAIL SALES 1300 - U.S. S&P/CASE-SHILLER HOME PRICE INDEX FOR JANUARY 1400 - U.S. CONSUMER CONFIDENCE FOR MARCH PRICES Precious metals prices 0023 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1689.14 -2.60 -0.15 8.02 Spot Silver 32.75 -0.08 -0.24 18.27 Spot Platinum 1649.24 6.56 +0.40 18.39 Spot Palladium 664.45 1.35 +0.20 1.83 COMEX GOLD APR2 1689.20 3.60 +0.21 7.81 2116 COMEX SILVER MAY2 32.77 0.02 +0.05 17.37 325 Euro/Dollar 1.3354 Dollar/Yen 83.00 COMEX gold and silver contracts show the most active months
TIME | |||||
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Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
Prices By NTGOLD | ||
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We Sell | We Buy | |
37.5g ABC Luong Bar | ||
5,229.60 | 4,829.60 | |
1oz ABC Bullion Cast Bar | ||
4,347.30 | 3,967.30 | |
100g ABC Bullion Bar | ||
13,931.80 | 12,831.80 | |
1kg ABC Bullion Silver | ||
1,684.40 | 1,334.40 |
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