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PRECIOUS-Gold barely moved after volatile trade

Thu Mar 25, 2010 8:57pm EDT

 SINGAPORE, March 26 (Reuters) - Gold held near New York
levels on Friday, with firm stock markets likely to help it
resist selling pressure from a tumbling euro and weak oil.
 FUNDAMENTALS
 * Spot gold XAU= was at $1,090.00 an ounce by 0032 GMT,
barely moved from New York's notional close on Thursday.
 * Gold slid briefly with the euro in the previous session
on comments by the European Central Bank chief about a
potential bailout of Greece but then drew support from
relatively firm equities and oil markets.
 * U.S. gold futures for April delivery GCJ0 fell $2.4 to
$1,090.5 an ounce.
 * The world's largest gold-backed exchange-traded fund,
SPDR Gold Trust (GLD), said its holdings stood at 1,124.647
tonnes as of March 25, up 4.568 tonnes from the previous
business day. [GOL/SPDR]
 MARKET NEWS
 * Japan's Nikkei average rose 0.7 percent and hit a
two-month high on Friday, with exporters such as Sony Corp
(6758.T) gaining on a weaker yen after the dollar rose to its
highest in over two months. [.T]
 * U.S. crude futures extended declines to a third day on
Friday in line with the euro's decline against the dollar after
Euro zone leaders agreed to create a joint financial safety net
with the IMF to help debt-ridden Greece. [O/R]
 * The euro fell to a 10-month low against the dollar on
Thursday after a European draft agreement on aid for
debt-stricken Greece showed that the euro zone and the
International Monetary Fund will share the load. [USD/]
 * Agricultural markets fell sharply on Thursday, pushing
commodities broadly lower for a sixth straight session after a
weak demand outlook for crops and a strong dollar kept buyers
away. [COM/WRAP]
 DATA EVENTS
 * The following data is expected on Friday        ECON
 - European summit concludes
 - U.S. GDP final estimate for Q4                 (1230 GMT)
 - U.S. corporate profits for Q4                  (1230 GMT)
 - Reuters/Univ of Mich final March consumer sentiment (1355
GMT)
 - U.S. ECRI weekly                               (1430
GMT)
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 Precious metals prices at 0032 GMT
 Metal             Last    Change  Pct chg  YTD pct chg
Turnover
 Spot Gold        1090.00   -0.35   -0.03     -0.52
 Spot Silver        16.57    0.01   +0.06     -1.54
 Spot Platinum    1593.50   -3.50   -0.22      8.62
 Spot Palladium    446.75   -3.75   -0.83     10.17
 TOCOM Gold       3250.00   19.00   +0.59     -0.28       
22987
 TOCOM Platinum   4717.00   73.00   +1.57      7.67        
8766
 TOCOM Silver       49.70   -0.10   -0.20     -3.87         
133
 TOCOM Palladium  1325.00   20.00   +1.53     13.73         
127
 Euro/Dollar       1.3312
 Dollar/Yen         92.46
 TOCOM prices in yen per gram. Spot prices in $ per ounce.
 (Reporting by Lewa Pardomuan; Editing by Himani Sarkar)







































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