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Gold steadies, eyes oil and dollar

Tue Apr 22, 2008 8:52pm EDT
 
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 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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