Jumat, 24 Juni 2011

PRECIOUS-Gold off lows after 2 pct drop, eyes dollar


TOKYO, June 24 (Reuters) - Gold was off lows on Friday as
the dollar eased with a bounce in the euro on news Greece has
reached a deal with international lenders on an austerity plan,
but traders were keeping an eye on the currency market. 
  
 FUNDAMENTALS 
 
 * Spot gold was up 0.2 percent from late New York
levels at $1,524.26 an ounce as of 0011 GMT, after falling 2
percent on Thursday for its biggest one-day drop in over a
month, after disappointing U.S. jobless claims data hit investor
risk appetite and boosted the dollar. Investors sold gold to
cover steep losses in the equity, grain and crude oil markets.
 
 * Silver was steady at $35.27 an ounce, after falling
more than 4 percent on Thursday.
 
 * U.S. Republicans walked out of budget talks on
Thursday, setting up a showdown between President Barack Obama
and House Speaker John Boehner over how to extend U.S. borrowing
and avoid a looming debt default. 
 
 * Greece won the consent of a team of EU-IMF inspectors for
its new five-year austerity plan on Thursday after committing to
an additional round of tax rises and spending cuts, sources with
knowledge of the talks said. 
 
 * Holdings of the largest silver-backed exchange-traded-fund
(ETF), New York's iShares Silver Trust gained 0.30 percent
from Wednesday to Thursday, while the largest gold-backed ETF,
New York's SPDR Gold Trust remained unchanged for the same
period.  

Tidak ada komentar: