PRECIOUS-Gold extends gains on revived easing hope
2012-04-10 08:17:15
SINGAPORE, April 10 (Reuters) - Gold edged up on Tuesday,
extending gains from the previous session after disappointing
U.S. jobs data breathed new life into hopes for more monetary
stimulus by the Federal Reserve.
FUNDAMENTALS
* Spot gold inched up 0.2 percent to $1,643.69 an
ounce by 0027 GMT. It rose as much as 1 percent to $1,648.5 an
ounce in the previous session.
* U.S. gold was little changed at $1,645.20.
* Most major Wall Street firms expect anemic growth in the
U.S. jobs market and a struggling economic recovery to force the
Federal Reserve to undertake another massive round of monetary
stimulus, a Reuters poll found on Monday.
* Investors are waiting for China trade data due later in
the day to gauge the pace of the economic growth in the world's
second-largest economy, after Monday's data showed an unexpected
spike in March inflation.
* U.S. employers hired far fewer workers in March than in
previous months, keeping the door open for the Federal Reserve
to provide more monetary support for a still sluggish economy.
* Silver imports into India, the biggest consumer of the
white metal, are likely to decline up to 27 percent this year on
expectations of volatile prices, despite import duty remaining
unchanged, the head of the country's biggest bullion importer
said on Monday.
* For the top stories on metals and other news, click
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MARKET NEWS
* The Dow and the S&P 500 extended losses to a fourth day on
Monday, as investors took their cues from last week's
disappointing jobs report, which raised fresh concerns about the
U.S. economy's recovery.
* The dollar index held steady on Tuesday, after
falling for two straight sessions as the weaker-than-expected
U.S. employment data fueled expectations of more monetary
easing.
DATA/EVENTS
0245 France Industrial output mm Mar
0745 U.S. ICSC chain stores yy Weekly
1950 Japan Bank lending yy
China Exports yy Mar
China Imports yy Mar
China Trade balance Mar
PRICES
Precious metals prices 0027 GMT
Metal Last Change Pct chg YTD pct chg Volume
Spot Gold 1643.69 3.06 +0.19 5.11
Spot Silver 31.68 0.15 +0.48 14.41
Spot Platinum 1620.24 14.29 +0.89 16.31
Spot Palladium 645.22 6.89 +1.08 -1.12
COMEX GOLD JUN2 1645.20 1.30 +0.08 5.00 1974
COMEX SILVER MAY2 31.70 0.18 +0.56 13.56 984
Euro/Dollar 1.3105
Dollar/Yen 81.74
TIME | |||||
---|---|---|---|---|---|
Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
Prices By NTGOLD | ||
---|---|---|
We Sell | We Buy | |
37.5g ABC Luong Bar | ||
5,353.00 | 4,933.00 | |
1oz ABC Bullion Cast Bar | ||
4,448.00 | 4,048.00 | |
100g ABC Bullion Bar | ||
14,217.50 | 12,967.50 | |
1kg ABC Bullion Silver | ||
1,695.50 | 1,345.50 |
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