SINGAPORE, Dec 21 Gold regained some footing on
Friday as the euro stayed near an eight-month high against the
dollar and talks to avoid a fiscal crisis in the United States
seemed to stall again, but the metal was still on track for its
fourth weekly fall.
* Gold was little changed at $1,647.06 an ounce by
0045 GMT after falling to its weakest level since August in the
previous session on heavy liquidation by hedge funds and signs
of an improving U.S. economy.
* U.S. gold for February rose $2.30 an ounce to
* The U.S. House of Representatives abruptly recessed on
Thursday amid uncertainty whether Republicans had the votes
needed to pass a "fiscal cliff" tax plan offered by Speaker John
* Iraq made its first major move in years to bolster its
gold reserves in recent months, while Brazil increased its
holdings of bullion by almost a third in November, data from the
International Monetary Fund showed on Thursday.
* For the top stories on metals and other news, click
* Despite the euro zone's own debt problems, the euro was on
track to end the year some 2 percent higher against the
greenback. It was at $1.3251, near an eight-month high
around $1.3309 set this week.
* Japan's Nikkei share average rose on Friday and may test a
nine-month high after Wall Street stocks climbed on hopes for
progress in U.S. fiscal talks, with exporters gaining on a
* U.S. crude stayed above $90 a barrel after five days of
gains, though prices pulled back a touch on caution over U.S.
budget talks as Republicans in the U.S. Congress pushed ahead
with a plan that stands no chance of becoming law.
1330 U.S. Durable goods orders Weekly
1930 U.S. CFTC commitment of traders data Weekly
N/A Japan releases monthly economic report for Dec
0930 UK current account and final GDP reading for Q3
1330 U.S. Personal income/spending for November
1330 U.S. Durable goods for November
1530 U.S. ECRI weekly
Precious metals prices 0045 GMT
Metal Last Change Pct chg YTD pct chg Volume
Spot Gold 1647.06 -0.08 -0.00 5.32
Spot Silver 29.97 0.03 +0.10 8.23
Spot Platinum 1551.22 5.97 +0.39 11.36
Spot Palladium 676.75 -0.50 -0.07 3.72
COMEX GOLD FEB3 1648.20 2.30 +0.14 5.20 3101
COMEX SILVER MAR3 30.01 0.33 +1.12 7.50 603
(Reporting by Lewa Pardomuan; Editing by Eric Meijer)