PRECIOUS-Gold steady, ETF holdings down as job data eyed
SHANGHAI, Sept 3 (Reuters) - Gold prices were little changed on Thursday, and holdings in the SPDR Gold Trust fell for the first time in a week, as investors waited for key U.S. jobs data due later in the day.
FUNDAMENTALS
* Spot gold XAU= was little changed at $1,250.30 an ounce by 0029 GMT, on course for a weekly gain of 1.2 percent, its fifth straight week of rises.
* U.S. gold futures for December delivery GCZ0 edged down 0.1 percent to $1,252.3 an ounce.
* Holdings in the world's largest gold-backed
exchange-traded fund, SPDR Gold Trust (GLD.P), fell a sizeable
9.12 tonnes from the previous day to 1,294.908 tonnes on
September 2.It is the first decline in a week and the biggest
one-day drop since late July. [GOL/SPDR]
* Investors are eyeing the August U.S. non-farm payroll figures due later in the day, expected to show a third straight month of loss, which could dampen recovery hopes raised by this week's relatively positive data. [ID:nN31235915]
* Data released on Thursday showed a surprise rebound in pending sales of previously owned U.S. homes in July, and a fall in new claims in jobless claims last week. [ID:nN02194957]
MARKET NEWS
* U.S. stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures. [.N]
* The U.S. dollar was steady on Friday, after falling against major currencies on Thursday as better-than-expected U.S. housing and job market data boosted risk appetite. [USD/]
DATA/EVENTS
0758 EZ Markit Services PMI Aug EUPMIS=ECI
1130 India M3 Money Supply INM3MS=ECI
1200 Brazil GDP year/year BRGDPY=ECI
1230 U.S. Non-farm payrolls Aug USNFAR=ECI
1340 U.S. ECRI Inflation Aug USECRI=ECI
1400 U.S. ISM non-mfg index Aug USNPMI=ECI
1400 U.S. ISM N-mfg bus act Aug USOPMI=ECI
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PRICES Precious metals prices at 0029 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 1250.30 -0.44 -0.04 14.11 Spot Silver 19.58 0.00 +0.00 16.34 Spot Platinum 1547.50 4.40 +0.29 5.49 Spot Palladium 521.00 0.07 +0.01 28.48 TOCOM Gold 3400.00 19.00 +0.56 4.33 9017 TOCOM Platinum 4225.00 41.00 +0.98 -3.56 5085 TOCOM Silver 53.60 0.80 +1.52 3.68 134 TOCOM Palladium 1418.00 9.00 +0.64 21.72 97 Euro/Dollar 1.2813 Dollar/Yen 84.38 TOCOM prices in yen per gram. Spot prices in $ per ounce. (Reporting by Rujun Shen and Jacqueline Wong; Editing by Clarence Fernandez)
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