PRECIOUS-Gold hardly moves; on track for 6 pct Q1 gain
2012-03-30 08:32:31
SINGAPORE, March 30 (Reuters) - Gold was little changed on Friday after falling more than 1 percent in the previous session, but a steadier euro could encourage buying from investors as the precious metal was on track for a 6 percent increase this quarter. FUNDAMENTALS * Spot gold steady at $1,661.26 an ounce by 0037 GMT. It hit a two-week high near $1,700 this week on expectations of monetary easing in the United States after Federal Reserve chairman Ben Bernanke cautioned it is too soon to declare victory in the U.S. recovery. * U.S. gold June contract rose $8.1 to $1,663 an ounce. * The Federal Reserve's current policy of ultra-low interest rates is adequate given moderate U.S. economic growth and manageable inflation, Richmond Fed President Jeffrey Lacker said on Thursday. * U.S. household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending. * For the top stories on metals and other news, click , or MARKET NEWS * The euro was steady at around $1.3301, having touched a nearly four-week high earlier this week on comments from U.S. Fed Chairman Ben Bernanke, who indicated supportive monetary policy will remain in place. * Japan's Nikkei share average edged lower for a third day on Friday as many investors locked in profits in Tokyo stocks that have rallied in the January-March period, but the index is still expected to log its best first-quarter performance in 24 years. DATA/EVENTS 0500 - JAPAN CONSTRUCTION ORDERS FOR FEBRUARY 0600 - GERMAN RETAIL SALES FOR FEBRUARY N/A - EUROGROUP MEETING - COPENHAGEN 1230 - U.S. PERSONAL INCOME/SPENDING FOR FEBRUARY 1345 - CHICAGO PMI FOR MARCH 1355 - THOMSON REUTERS/UNIV OF MICH FINAL MARCH CONSUMER SENTIMENT 1430 - U.S. ECRI WEEKLY PRICES Precious metals prices 0037 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1661.26 0.38 +0.02 6.23 Spot Silver 32.22 0.01 +0.03 16.36 Spot Platinum 1629.19 6.24 +0.38 16.96 Spot Palladium 642.70 -0.25 -0.04 -1.50 COMEX SILVER MAY2 32.23 0.23 +0.73 15.44 355 Euro/Dollar 1.3324 Dollar/Yen 81.86
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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 | ||
5,239.80 | 4,839.80 | |
1oz ABC Bullion Cast Bar | ||
4,355.80 | 3,975.80 | |
100g ABC Bullion Bar | ||
13,959.20 | 12,859.20 | |
1kg ABC Bullion Silver | ||
1,695.60 | 1,345.60 |
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