SINGAPORE, April 7 Gold firmed on Wednesday as
renewed worries about debt-ridden Greece and volatile
currencies boosted the metal's safe-haven appeal, while
palladium was steady near a 2-year high.
* Spot gold XAU= was at $1,134.45 an ounce by 0031 GMT,
up $1.25 from New York's notional close on Tuesday, when it hit
a 1-month high of $1,138.40 an ounce despite a rising U.S.
dollar against the euro.
* Palladium XPD= was steady at $504.75, having risen to
its highest since March 2008 at $508.50 on Tuesday on short
covering by autocatalyst makers and investment demand.
* U.S. gold futures for June delivery GCM0 were hardly
moved at $1,135.2 an ounce.
* The world's largest gold-backed exchange-traded fund,
SPDR Gold Trust, said its holdings stood at 1,129.823 tonnes as
of April 6, unchanged from the previous business day.
* The euro struggled on Wednesday, plagued by fresh worries
about debt-laden Greece, while commodity currencies like the
Australian and Canadian dollars held gains on the back of
expectations of higher interest rates. [USD/]
* Bullion's gains in the face of a stronger dollar indicate
the inverse relationship between the metal and the U.S.
currency will occasionally break down, if risk-averse investors
pile into gold due to related to economic jitters, dealers
* Oil inched up toward $87 a barrel on Tuesday, rallying
for a sixth consecutive session, as recent positive economic
data launched futures to a fresh 18-month high. [O/R]
* The following data is expected on Wednesday ECON
- Bank of Japan interest rate decision
- Bank of England starts two-day meeting
- Euro zone services PMI for March (0758
GMT) - OECD interim assessment of G7 countries,euro
area(0900 GMT) - Euro zone PPI for February
(0900 GMT) - Weekly U.S. mortgage market index
- U.S. consumer credit for Feb (1900
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Precious metals prices at 0031 GMT
Metal Last Change Pct chg YTD pct chg
Spot Gold 1134.45 1.25 +0.11 3.54
Spot Silver 17.91 0.03 +0.17 6.42
Spot Platinum 1705.00 7.50 +0.44 16.22
Spot Palladium 504.75 0.25 +0.05 24.48
TOCOM Gold 3428.00 9.00 +0.26 5.19
TOCOM Platinum 5123.00 38.00 +0.75 16.94
TOCOM Silver 54.50 -0.30 -0.55 5.42
TOCOM Palladium 1520.00 20.00 +1.33 30.47
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Michael Urquhart)