SINGAPORE, March 26 Gold was little changed
above $1,600 an ounce on Tuesday after two days of decline, as
lingering worries over the euro zone supported sentiment despite
an initial decline in safe-haven demand when Cyprus clinched a
* Spot gold was nearly flat at $1,603.86 an ounce by
2348 GMT, after falling to a one-week low of $1,589.49 in the
* U.S. gold inched down $1.50 to $1,603.
* The president of Cyprus assured his people a bailout deal
he struck with the European Union was in their best interests
and would end anxiety, but he also announced "very temporary"
capital controls to stem a run on the island's banks.
* Cyprus's rescue plan, which forces depositors and bank
bondholders to bear losses, represents a new template for
resolving euro zone banking problems and other countries may
have to restructure their banking sectors, the head of the
region's finance ministers said.
* The U.S. Federal Reserve must remain very accommodative
because the labour market remains far from healthy despite some
recent improvement in the broader economy, said New York Fed
President William Dudley, a close ally of Fed Chairman Ben
* Holdings of SPDR Gold Trust, the world's biggest
gold-backed exchange-traded gold, were unchanged at 1,221.26
tonnes from a day earlier.
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* U.S. stocks fell on Monday on renewed concerns about the
developments in Cyprus and the euro zone, which wiped away
earlier gains that drove the S&P 500 index to less than a point
away from its record close.
* The euro nursed heavy losses early in Asia on Tuesday,
having suffered a steep drop across the board on fears that
future bank rescues in the euro zone would come with the same
stern conditions seen in Cyprus' deal.
0400 U.S. Build permits R chg mm Feb
0745 FRANCE Consumer confidence March
1145 U.S. ICSC chain stores yy Weekly
1230 U.S. Durable goods Feb
1300 U.S. CaseShiller 20 mm nsa Jan
1300 U.S. CaseShiller 20 yy Jan
1400 U.S. New home sales chg mm Feb
1400 U.S. New home sales-units mm Feb
1400 U.S. Consumer confidence Mar
Precious metals prices 2348 GMT
Metal Last Change Pct chg YTD pct chg Volume
Spot Gold 1603.86 -1.04 -0.06 -4.22
Spot Silver 28.82 0.01 +0.03 -4.82
Spot Platinum 1580.49 2.49 +0.16 2.96
Spot Palladium 755.22 0.22 +0.03 9.14
COMEX GOLD APR3 1603.00 -1.50 -0.09 -4.34 1232
COMEX SILVER MAY3 28.80 -0.02 -0.05 -4.73 352
COMEX gold and silver contracts show the most active months
(Reporting by Rujun Shen; Editing by Joseph Radford)