SINGAPORE, Jan 17 Platinum edged lower on
Thursday, snapping a seven-day rally after workers at the
world's top producer, Anglo American Platinum, looked set to end
a walkout, but worries about supply shortages are likely to
limit the downside.
* Spot gold was little changed at $1,679.95 an ounce
by 0037 GMT, holding on to gains made in the past three
* U.S. gold inched down 0.2 percent to $1,679.80.
* Spot platinum lost 0.3 percent to $1,678.75,
hovering below a three-month high of $1,699.50 hit earlier in
* Spot palladium inched down 0.1 percent to $720.25,
easing from a near 16-month high of $724.50 hit in the previous
* Anglo American Platinum (Amplats) miners will end
an illegal walkout from Wednesday night and want talks to
prevent further action, a labour leader said.
* Demand for new cars in recession-bound Europe fell to a
17-year low in 2012, leaving mass market manufacturers little
hope for this year as they try to cut costly excess factory
capacity and aggressive discounting dents their margins.
* Platinum usage in Europe's automobile industry accounted
for 18 percent of the world's total demand for the metal in
2011, data from refiner Johnson Matthey showed.
* Persistent concerns over the health of the U.S. economy
and pressure on the dollar will send gold to a record average
high this year, said Thomson Reuters GFMS.
* Germany's central bank plans to bring home hundreds of
tonnes of gold, part of the reserves it kept in the United
States and France during the Cold War for safety from any Soviet
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* The S&P 500 ended nearly flat on Wednesday as solid
earnings from two major banks and a bounceback in Apple shares
offset concerns about a lower forecast for global growth in
* The euro struggled to regain its momentum on Thursday even
after a top European central banker sounded relaxed about its
recent run higher, while the yen hovered at one-week highs,
still underpinned by a wave of short-covering.
1330 U.S. Housing starts Dec
1330 U.S. Building permits Dec
1330 U.S. Weekly jobless claims
1500 U.S. Philadelphia Fed index Jan
Precious metals prices 0037 GMT
Metal Last Change Pct chg YTD pct chg Volume
Spot Gold 1679.95 1.06 +0.06 0.32
Spot Silver 31.44 0.02 +0.06 3.83
Spot Platinum 1678.75 -4.50 -0.27 9.36
Spot Palladium 720.25 -1.02 -0.14 4.08
COMEX GOLD FEB3 1679.80 -3.40 -0.20 0.24 1673
COMEX SILVER MAR3 31.47 -0.08 -0.24 4.09 397
COMEX gold and silver contracts show the most active months
(Reporting by Rujun Shen; Editing by Edwina Gibbs)