TOKYO, Oct 8 (Reuters) - Gold hovered near record highs on
Thursday after marking historic levels for two sessions in a row,
as the dollar continued to struggle.
FUNDAMENTALS
* Gold XAU= was up 0.1 percent at $1,045.15 per ounce at
2357 GMT. It hit a record high of $1,048.20 on Wednesday.
* U.S. gold futures for December delivery GCZ9 were at
$1,046.7 per ounce, up 0.2 percent. They jumped to an all-time
high of $1,049.70 on Wednesday.
* The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust GLD, said its holdings stood at 1,109.314
tonnes as of Oct. 7, up 0.8 percent or 8.8 tonnes from the
previous business day. [GOL/SPDR]
MARKET NEWS
* The U.S. dollar was again on the defensive on Thursday,
after Alcoa Inc posted a surprise profit and supported overall
bullishness about a global recovery. [USD/]
* Oil prices rose towards $70 per barrel on Thursday,
recovering from the previous session when it fell after U.S. data
showed a surge in fuel stocks last week. [O/R]
* The Standard & Poor's 500 and Nasdaq indexes edged up on
Wednesday with investors responding positively to early earnings
results as the quarterly reporting period got under way. [.N]
DATA EVENTS
* The following data is expected on Thursday: ECON
- Australia Sept labor data (0030 GMT)
- Japan Sept corporate bankruptcy data (0430 GMT)
- Japan economy watchers poll (0500 GMT)
- France trade balance, August (0645 GMT)
- Germany industrial production, August (1000 GMT)
- BOE policy decision (1100 GMT)
- ECB policy decision (1145 GMT)
- Weekly U.S. jobless claims (1230 GMT)
- U.S. wholesale inventories, August (1400 GMT)
RELATED NEWS
>Gold powers to record high; eyes $1,050 mark [GOL/]
>Gold hits record high, oil, copper also edge up [COM/WRAP]
>Metals traders top commods hedge funds in '09 [ID:nN07486292]
>Jim Rogers wary of buying gold at new high [ID:nSP295072]
>SCENARIOS-The technical outlook for gold [ID:nT286448]
PRICES
Precious metals prices at 2350 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1045.30 $1.60 +0.15% +16.53% $860.10 79
Spot silver $17.67 $0.12 +0.68% +47.50% $11.29 73
Spot plat $1328.00 $2.00 +0.15% +1.10% $1300.47 66
TOCOM gold 2,992 16 +0.54% +2.19% 2,935 66
TOCOM plat 3,801 -7 -0.18% +2.07% 3,776 57
Currencies
Euro/dlr $1.471 $0.002 +0.16% -0.05%
Dlr/yen 88.53 -0.04 -0.05% -0.26%
TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams. Spot prices in $ per ounce.
