PRECIOUS-Gold firms as dollar stays weak, Fed eyed

gold futures pertaining to February delivery GCG0 rose 0.5

percent to $1,129.50 per ounce. 3.
Precious metals prices from 0303 GMT
Metal last Alter Pct chg YTD pct chg Turnover
Spot Gold 1128.25 2.05 +0.18 28.19
Spot Silver 17.39 0.03 +0.17 53.62
Spot Platinum 1446.25 2.75 +0.19 55.18
Spot Palladium 365.15 0.65 +0.18 97.91
TOCOM Gold 3229.00 7.00 +0.22 25.50 40537
TOCOM Platinum 4140.00 34.00 +0.83 56.11 6035
TOCOM Silver 500.90 2.90 +0.58 56.87 151
TOCOM Palladium 1048.00 -2.00 -0.19 90.55 209
Euro/Dollar 1.4647
Dollar/Yen 88.69
TOCOM rates Cheap Air Jordan within yen per gram, except TOCOM silver which is
priced inside yen per 10 grams. [ID:nFEDAHEAD]
* Gains capped as funds seen preparing to go far from gold
However Japan's Nikkei talk about average .N225 edged down on
Tuesday as well as the dollar was subdued, with many markets eyeing the
FOMC meeting. 3.
Investors are usually mostly going pertaining to a wait-and-see attitude as the
impact about currencies from your FOMC (Federal Open Up Market
Committee) meeting remains to become seen, Eli Owaki, an economist at
Nomura Securities Co, said.
Spot gold is trading about $100 down below an archive higher of
$1,226.10 reached about Dec. Futures had been also off with regards to $100
from a record peak of $1,227.50 hit on Dec. [GOL/SPDR]
Investors were bracing for feedback by the U.S. 3.
the world's largest gold-backed exchange-traded fund, SPDR
Gold Have Confidence In (GLD), mentioned its holdings rose 0.304 tonnes upon Monday,
marking the initial rise since Dec. Federal
Reserve, which usually begins its two-day meeting later within the day and
which will likely repeat a new pledge to keep interest rates near
zero for an extended period, even because it is really a nod to indicators of
economic recovery. If your Fed's positive assessment about the economy spurs
unwinding associated with dollar shorts plus a further return of cash into
stocks, that will be negative regarding gold," Owaki said.
By Simply Risa Maeda
Mon Dec 14, 2009 10:54pm EST
Information upon Monday regarding Abu Dhabi's surprise transfer to toss Dubai a
$10 billion lifeline in order to repay debts had cheered global equity
markets. central bank cut benchmark interest rates to always be able to close to zero
to combat your worst economic slump within decades.
a 12 months later, the world's greatest economy has broadly
recovered, but employment is actually nevertheless lagging.. This hit a four-week
low involving $1,109.10 about Friday.
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* SPDR Gold holdings up 0.304 tonnes in Monday
U.S. Spot costs within $ per ounce.
(Editing by simply Joseph Radford)
Spot gold XAU= stood in $1,128.70 per ounce, up 0.2 percent
from New York's notional shut of $1,126.20. [.T] [USD/]
Gains in gold had been Cheap Air Jordan 13 Release Dates limited as when prices broke through
$1,100-$1,200, this is mainly driven when you purchase coming from fund
managers that will will become more committed for you to growth investments when they
are confident around the economic outlook, Owaki continued.
TOKYO, Dec 15 (Reuters) - Gold costs firmed on Tuesday as
the dollar stayed weak about improved danger tolerance after concerns
eased about Dubai's financial debt woes.
"Such investors should have felt shaky from $1,200-$1,300, and
they happen to be liquidating gold positions," she added.
"There can be concentrate on how currencies will react following your FOMC
meeting. [ID:nLDE5BD0FV]
Your FOMC meeting Cheap Air Jordan ending on Wednesday will mark a year since
the U.S