Senin, 27 Juni 2011

Gold flat; focus on Greek debt crisis


 27 (Reuters) - Spot gold traded flat on
Monday after staging its worst week since early May with a 2.5
percent slide, as investors continued to watch Greece's
sovereign debt crisis ahead of a key parliament vote later in
the week. 
  
 FUNDAMENTALS
 
 * Spot gold was little changed at $1,499.99 an ounce
by 0042 GMT, after falling 3 percent in the past two sessions. 
 * U.S. gold GCcv1 was flat at $1,500.90. 
 * Greece's parliament begins on Monday to debate a deeply
unpopular austerity plan which international lenders are
demanding to see approved this week to avert the threat of
bankruptcy. 
 
 * Money managers raised bullish bets in COMEX gold to the
highest level since the week of April 24 last week, before
prices tumbled about $60 in three sessions, data from the
Commodity Futures Trading Commission showed Friday.
  
 * Spot silver fell to $33.88, its lowest in more than
a month, before regaining some lost ground to $34.06. 
 * U.S. silver SIcv1 fell 1.6 percent to $34.10. 
 * For the top stories on metals and other news, click
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 MARKET NEWS 
 * Wall Street dropped for a third day on Friday on worries
about the Italian banking sector and Greece's debt crisis, but
the S&P 500 managed to hold its 200-day moving average in a sign
buyers still see value.
  
 * The dollar index rose to its highest since June 16
on Monday while the euro languished, as investors await a
decision by Greece's parliament on passage of austerity
measures.  
      
 DATA/EVENTS 
 1030  EZ        ECB's Stark delivers speech
 1230  U.S.      Personal income mm           May   
 1230  U.S.      Chicago Fed Midwest manufacturing index, May
 1430  U.S.      Dallas Fed Texas manufacturing index, June
 
 PRICES 
 Precious metals prices 0042 GMT
 Metal             Last    Change  Pct chg  YTD pct chg  Volume
 Spot Gold        1499.99    0.44   +0.03      5.67
 Spot Silver        34.06   -0.20   -0.58     10.37
 Spot Platinum    1677.49    4.50   +0.27     -5.09
 Spot Palladium    724.72   -2.08   -0.29     -9.35
 TOCOM Gold       3903.00  -43.00   -1.09      4.67      45449
 TOCOM Platinum   4417.00  -59.00   -1.32     -5.94       8404
 TOCOM Silver       88.60   -2.60   -2.85      9.38        562
 TOCOM Palladium  1892.00  -59.00   -3.02     -9.78        179
 COMEX GOLD AUG1  1500.90    0.00   +0.00      5.59       3985
 COMEX SILVER JUL1  34.10   -0.54   -1.55     10.21       2299
 Euro/Dollar       1.4116
 Dollar/Yen         80.75
 TOCOM prices in yen per gram. Spot prices in $ per ounce.
 COMEX gold and silver contracts show the most active months
 

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