Tokyo - Gold was steady around $1,180 per ounce on Tuesday even as investors continued to watch for any fallout on financial markets from Dubai's loan payment troubles.
FUNDAMENTALS
* Spot gold was at $1,180.10 per ounce as of 0018 GMT, up a touch from New York's notional close of $1,179.10.
* US gold futures for February delivery were at $1,181.20 per ounce on the COMEX division of NYMEX, down 0.1 percent.
* Noncommercial net long U.S. gold futures positions rose 11.3 percent to 262,331 lots in the week to November 24 from 235,697 lots, a weekly report by the US Commodity Futures Trading Commission showed.
* The world's largest silver-backed exchange-traded fund, the iShares Silver Trust, said its silver holdings rose 152.77 tons, or 1.7 percent, from the previous business day to a record 9,404.79 tons as of November 30.
* The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings stood at 1,129.994 tonnes as of November 30, up 2.134 tonnes or 0.2 percent from the previous business day.
MARKET NEWS
* US stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.
* The dollar fell broadly on Monday after a pledge to support Dubai's banks eased investors' concerns about its debt problems, wiping out a safety bid for the greenback and driving it down against a currency basket for the fifth straight month. - Reuters
