Gold steadies, eyes oil and dollar
SINGAPORE, April 23 (Reuters) - Gold steadied above $920 an ounce on Wednesday after modest gains the previous day driven by a tumbling dollar and record high crude oil, which raised its appeal as an alternative investment and a hedge against inflation.
-- Gold <XAU=> was at $920.10/921.10 an ounce, hardly changed from $920.65/922.05 an ounce late in New York on Tuesday, when it hit an intraday high of $925.30 an ounce.
-- Gold futures for June delivery GCM8 on the COMEX division of the New York Mercantile Exchange fell $2.1 an ounce to $923.1 an ounce.
-- The euro dipped 0.1 percent to $1.5975 <EUR=>, hovering near an all-time peak of $1.6020 hit on electronic trading platform EBS on Tuesday.
-- Oil surged to a record near $120 a barrel on Tuesday on the weaker dollar, export disruptions from Nigerian rebel attacks and concerns a Scottish refinery strike could hit North Sea production. [ID:nSP240882]
-- Spot platinum <XPT=> rose to $2,027/2,037 an ounce from $2,017.50/2,027.50 late in New York.
-- The most active Tokyo platinum futures <0#JPL:> rose 85 yen per gram to 6,563 yen.
-- Silver <XAG=> edged up to $17.72/17.78 an ounce from $17.64/17.73 an ounce.
-- Spot palladium <XPD=> rose to $455/460 an ounce from $451/457 an ounce. Precious metals prices at 0033 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 919.90 2.60 +0.28 10.47 Spot Silver 17.72 0.11 +0.62 19.97 Spot Platinum 2027.00 10.00 +0.50 33.36 Spot Palladium 455.00 4.00 +0.89 23.64 TOCOM Gold 3071.00 -2.00 -0.07 0.36 8858 TOCOM Platinum 6565.00 87.00 +1.34 22.96 4109 TOCOM Silver 592.40 4.30 +0.73 9.50 163 TOCOM Palladium 1541.00 4.00 +0.26 14.06 179 Euro/Dollar 1.5970 Dollar/Yen 103.01 TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices in $ per ounce. (Reporting by Lewa Pardomuan; Editing by Michael Urquhart)
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