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PRECIOUS-Gold edges down, euro zone worry resurfaces
November 13, 2012 / 12:45 AM / in 5 years

PRECIOUS-Gold edges down, euro zone worry resurfaces

SINGAPORE, Nov 13 (Reuters) - Gold slipped in thin trade on
Tuesday as the euro stayed near a two-month low as uncertainty
about another tranche of financial aid for Greece to help pay
off its debt kept investors cautious, but steadier share prices
could limit the decline. 
      
    FUNDAMENTALS
    * Gold fell $1.65 an ounce to $1,726.09 bu 0033 GMT,
down from a 3-week high around $1,738 struck on Friday. 
    * U.S. gold futures for December slipped $4.50 to
$1,726.40 an ounce.    
     * Holdings of the largest gold-backed exchange-traded-fund,
New York's SPDR Gold Trust, dropped 0.07 percent on Friday from
Thursday, while those of the largest silver-backed ETF, New
York's iShares Silver Trust rose 0.45 percent during the same
period. 
    * Greece's international lenders agreed on Monday to give
the country two more years to make the cuts demanded of it but
the euro zone and IMF clashed over a longer-term target date to
shrink the country's debt. 
     * For the top stories on metals and other news, click
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    MARKET NEWS
    * The euro hovered near two-month low against the dollar on
Tuesday after the euro zone and the International Monetary Fund
failed to agree on a long-term plan to reduce Greece's debt,
preventing disbursement of immediate aid to Athens. 
     * Japan's Nikkei share average edged up in early Tuesday
trade after falling for six straight sessions, but gains may be
limited on concerns about a U.S. fiscal policy standoff that
threatens to push the country into recession. 
    * U.S. crude futures fell for a second session on Tuesday to
trade above $85 a barrel, pressured by worries about the U.S.
recovery being thrown into disarray by the threat of looming
U.S. tax increases and spending cuts - the so-called fiscal
cliff. 
    
    DATA/EVENTS (GMT)
    0001 - UK RICS OCT HOUSING SURVEY 
    0745 - FRANCE SEPTEMBER CURRENT ACCOUNT    
    0745 - FRANCE THIRD-QUARTER NON-FARM PAYROLLS 
    0815 - SWISS OCTOBER PRODUCER/IMPORT PRICES 
    0900 - ITALY FINAL OCTOBER INFLATION 
    0930 - UK CPI FOR OCTOBER 
    1000 - GERMAN ZEW ECONOMIC SENTIMENT FOR OCTOBER read 92.8.
    1245 - ICSC/GOLDMAN SACHS WEEKLY U.S. CHAIN STORE SALES 
    1355 - REDBOOK WEEKLY U.S. RETAIL SALES 
    1900 - U.S. FEDERAL BUDGET FOR OCTOBER 
    1930 - U.S. TREASURY'S GEITHNER, FEDERAL RESERVE'S BERNANKE 
           EVENT
    2030 - FEDERAL RESERVE VICE CHAIR YELLEN SPEAKS
           
    PRICES
  
  Precious metals prices 0033 GMT
  Metal             Last    Change  Pct chg  YTD pct chg    Volume
  Spot Gold        1726.09   -1.65   -0.10     10.38
  Spot Silver        32.32   -0.07   -0.22     16.72
  Spot Platinum    1555.99   -4.25   -0.27     11.70
  Spot Palladium    602.60   -2.37   -0.39     -7.65
  COMEX GOLD DEC2  1726.40   -4.50   -0.26     10.19         1617
  COMEX SILVER DEC2  32.32   -0.20   -0.62     15.78          352
  Euro/Dollar       1.2707
  Dollar/Yen         79.60
 
  COMEX gold and silver contracts show the most active months
  
    
    

 (Reporting by Lewa Pardomuan; Editing by Eric Meijer)

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