TOKYO, Oct 19 (Reuters) - Gold was steady holding above
$1,050 per ounce on Monday after rising slightly on investment
buying in the previous session.
FUNDAMENTALS
* Gold XAU= was at $1,052.60 per ounce at 2343 GMT, up 0.2
percent.
* U.S. gold futures for December delivery GCZ9 were at
$1,054 per ounce, up 0.2 percent.
* 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. 16, unchanged from the previous business day.
[GOL/SPDR]
* Noncommercial net long U.S. gold futures positions were up
about 6 percent to 253,955 lots in the week to Oct 13 from
239,668 lots, a weekly report by the U.S. Commodity Futures
Trading Commission showed. [ID:nN16366747]
MARKET NEWS
* U.S. stocks fell on Friday after disappointing results from
General Electric Co (GE.N) and Bank of America Corp (BAC.N)
demonstrated the road to economic recovery will be bumpy. [.N]
* The dollar recovered some of the week's losses on Friday,
as news of a large quarterly loss at Bank of America and flagging
consumer confidence dulled investor demand for higher-yielding,
higher-risk currencies. [USD/]
* Crude oil rose to a one-year high above $78 a barrel on
Friday after data showed U.S. industrial production expanded in
September, boosting optimism for an economic recovery. [O/R]
DATA EVENTS
* The following data is expected on Monday: ECON
- BOJ releases regional economic report (0530 GMT)
- Federal Reserve Chairman Bernanke speaks (1500 GMT)
- U.S. NAHB index for October (1700 GMT)
RELATED NEWS
>Gold rises on light investment demand [GOL/]
>Oil hits fresh 2009 high, overextension eyed [COM/WRAP]
>World stocks fall, dlr up as profits disappoint [ID:nN16366477]
>Sagging U.S. consumer view tempers optimism [ID:nN16384321]
>US must learn to live within its means-Geithner [ID:nN16355299]
PRICES
Precious metals prices at 2336 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1052.20 $1.40 +0.13% +17.30% $860.10 64
Spot silver $17.43 $0.02 +0.11% +45.49% $11.29 56
Spot plat $1338.50 -$2.50 -0.19% +0.11% $1316.40 57
TOCOM gold 3,073 2 +0.07% +0.26% 2,963 77
TOCOM plat 3,924 7 +0.18% +0.36% 3,812 72
Currencies
Euro/dlr $1.489 $0.001 +0.05% -0.07%
TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams. Spot prices in $ per ounce.
(Reporting by Miho Yoshikawa)
