PRECIOUS-Gold inches up as dollar stays weak vs euro,ETF flat
TOKYO, Aug 6 (Reuters) - Gold inched up on Thursday, drawing support from the dollar's weakness against the euro and investor risk appetite which has helped boost assets across markets.
FUNDAMENTALS
* Spot gold XAU= was up 0.2 percent at $963.60 per ounce as of 0000 GMT, compared with New York's notional close of $961.95.
* U.S. gold futures for December delivery GCZ9 were little changed at $966.50 an ounce, compared to $966.30 an ounce on the COMEX division of the New York Mercantile Exchange.
* Gold futures dipped on Wednesday as weaker equities prompted funds to consolidate recent profits, but the market drew support from a renewed appetite for risk among investors.
* The world's largest gold-backed exchange-traded fund, the
SPDR Gold Trust (GLD), said holdings stood at 1,072.87 tonnes as
of Aug. 5, unchanged from the previous business day. [GOL/SPDR]
MARKET NEWS
* The Nikkei was up 0.1 percent. [.T]
* U.S. stocks slipped on Wednesday after weak data on the services sector and private payrolls cooled recent optimism the recession was retreating, but the market finished off its lows as investors ventured into riskier financial shares. [.N]
* The dollar stayed near its 2009 lows against the euro on Thursday, after hitting a nine-month low versus the single currency and slipped against the yen the day before on hopes a slower pace of U.S. private job losses in July hinted at a gradual improvement in the economy. [USD/]
DATA EVENTS
* The following data is expected on Thursday: ECON
- Japan coincident indicator for June. (0500 GMT)
- Germany June industrial orders. (1000 GMT)
- Bank of England policy decision. (1100 GMT)
- European Central Bank policy decision. (1145 GMT)
- ECB's President Jean-Claude Trichet holds a news conference. (1230 GMT)
- Weekly U.S. jobless claims. (1230 GMT)
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PRICES
Precious metals prices at 0000 GMT Metal Last Change Pct chg Day ago pct MA 30 RSI Spot gold $963.45 $1.50 +0.16% +7.41% $860.10 66 Spot silver $14.66 $0.02 +0.14% +22.37% $11.29 75 Spot plat $1279.00 -$3.50 -0.27% +34.77% $948.98 78 COMEX gold $964.30 $76.10 +8.57% +7.20% $857.64 64 TOCOM gold 2,946 363 +14.05% +12.92% 2,476 66 TOCOM plat 3,900 1160 +42.34% +41.05% 2,659 76 Currencies Euro/dlr $1.441 $0.127 +9.70% +9.36% Dlr/yen 94.79 4.41 +4.88% +6.60% (Reporting by Chikako Mogi)
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