PRECIOUS-Gold mostly flat, hovers under $1,100
TOKYO, Nov 9 (Reuters) - Gold was mostly unchanged on Monday after surging to a record high above $1,100 per ounce in the previous session as a rise in the U.S. unemployment rate to a 26-½ year high prompted investors to seek a safe haven.
FUNDAMENTALS
* Spot gold XAU= was at $1,096.05 per ounce at 0020 GMT, down 0.02 percent from New York's notional close of $1,096.30. It hit a record high of $1,100.90 on Friday.
* U.S. gold futures for December delivery GCZ9 were at $1,096.50 an ounce, up 0.1 percent.
* Noncommercial net long U.S. gold futures positions fell 0.2 percent to 241,319 lots in the week to Nov. 3 from 241,777, a weekly report by the U.S. Commodity Futures Trading Commission showed. [ID:nN06206760]
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust (GLD), said its holdings stood at 1,108.344 tonnes as
of Nov. 6, unchanged from the previous business day. [GOL/SPDR]
MARKET NEWS
* The dollar fell on Monday, hurt in part by a meeting of the Group of 20 finance officials that failed to take any concrete action to rebalance global flows or talk more specifically about the dollar's recent decline. [USD/]
* Japan's Nikkei average edged down 0.5 percent on Monday,
with Canon Inc (7751.T) and other exporters hit by wariness about
the U.S. economy after mixed jobs data as well as by a stronger
yen. [.T]
DATA EVENTS
* The following data is expected on Monday: ECON
- Australia Sept housing finance (0030 GMT)
- German Sept trade balance (0700 GMT)
- Bank of France survey (0730 GMT)
- Euro zone Nov Sentix index (0930 GMT)
- German Sept industry output (1100 GMT)
- U.S. Oct employment trend index for Oct (1500 GMT)
RELATED NEWS > Gold surges to record after weak U.S. jobs data [GOL/] > Gold at record high, others down on US jobs scare [COM/WRAP] > On gold, China says improving FX allocation [ID:nPEK217886] > US jobless rate hits 26-½ year high [ID:ID:nN06178752] > G20 plans imbalances framework [ID:nL7165900]
PRICES
Precious metals prices at 0012 GMT Metal Last Change Pct chg Day ago pct MA 30 RSI Spot gold $1095.75 -$0.55 -0.05% +22.16% $860.10 77 Spot silver $17.41 $0.03 +0.17% +45.33% $11.29 59 Spot plat $1342.50 $0.00 +0.00% +0.00% $1342.30 51 TOCOM gold 3,175 -14 -0.44% +0.09% 3,066 66 TOCOM plat 3,894 -6 -0.15% -1.57% 3,901 47 Currencies Euro/dlr $1.485 -$0.003 -0.19% +0.09% Dlr/yen 89.77 -0.22 -0.24% -0.09% TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices in $ per ounce. (Reporting by Miho Yoshikawa)
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