Gold dips after NY gains, awaits payrolls data
SINGAPORE, Aug 1 (Reuters) – Gold gave up early gains on
Friday, closely watching the currency market ahead of the release
of non-farm payrolls data for clues on the prospects for the U.S.
economy.
– Gold <XAU=> slipped to $911.90/912.90 an ounce from
$913.45/914.65 an ounce late in New York on Thursday, when it
rose more than $6 on falling U.S. dollar.
– Hong Kong’s first gold-backed exchange-traded fund, SPDR
Gold Trust <2840.HK>, turned over $18.8 million on its debut on
the Hong Kong Stock Exchange. SPDR said it turned over 208,000
shares, each representing 0.1 ounces of gold, on its first day of
trading on Thursday. [ID:nL1294893]
– The U.S. dollar slipped on Thursday, as news of a surprise
jump in weekly jobless claimsand weaker-than-expected economic
growth in the second quarterdimmed prospects for interest rate
increases this year. [USD/]
– Spot platinum <XPT=> fell to $1,745.50/1,765.50 an ounce
from $1,749.50/1,769.50 late in New York.
– Gold futures for August delivery <GCQ8> on the COMEX
division of the New York Mercantile Exchange fell $1.3 to $912.60
an ounce.
– The most active Tokyo gold contract for June 2009 delivery
<0#JPL:> on the Tokyo Commodity Exchange fell 11 yen per gram to
3,185 yen.
– Spot palladium <XPD=> fell to $377.50/385.50 an ounce from
$379.50/387.50 late in New York.
– Silver <XAG=> edged down to $17.67/17.75 an ounce from
$17.71/17.77 late in New York.
Precious metals prices at 0028 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 912.10 -0.75 -0.08 9.54
Spot Silver 17.67 -0.01 -0.06 19.63
Spot Platinum 1745.50 -5.00 -0.29 14.84
Spot Palladium 377.50 -0.50 -0.13 2.58
TOCOM Gold 3187.00 -9.00 -0.28 4.15 4775
TOCOM Platinum 6024.00 -33.00 -0.54 12.83 2616
TOCOM Silver 618.70 4.20 +0.68 14.36 165
TOCOM Palladium 1336.00 6.00 +0.45 -1.11 176
Euro/Dollar 1.5564
Dollar/Yen 107.69
TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams. Spot prices in $ per ounce.
