Gold eases, continues to eye $1,000
Gold futures were a touch lower but remained near $1,000 after the previous session's rally, which took the metal to a six-month high as safe-haven buying gathered momentum on renewed economic uncertainties.
FUNDAMENTALS
* Gold was at $991.95 per ounce at 2347 GMT, up 0.2 percent from the notional close in New York of $990.10.
* U.S. gold futures for December delivery were at $994.0 per ounce, down 0.4 percent.
* The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said holdings stood at 1,078.01 tonnes as of Sept 3, up 14.65 tonnes or 1.4 percent from the previous business day.
* The world's largest silver-backed exchange-traded fund, the iShares Silver Trust, said its bullion holdings rose 61.18 tonnes, or 0.7 percent, on September 3 to 8,726.20 tonnes, up after two straight days of declines.
MARKET NEWS
* The yen slipped from a seven-week high against the dollar and declined versus other major currencies on Thursday as an upbeat tone in global stock markets reduced the Japanese currency's safe-haven allure.
* U.S. stocks rose on Thursday, snapping a four-day losing streak, after stronger-than-expected retail sales data eased concerns about the economy before Friday's important jobs data.
DATA EVENTS
* The following data is expected on Friday:
- French budget year-to-date through July (0645 GMT)
- Swiss August consumer price inflation (0715 GMT)
- Italian June trade balance (0800 GMT)
- U.S. employment report for August (1230 GMT)
- U.S. ECRI future inflation gauge for August (1340 GMT)
- U.S. ECRI weekly (1430 GMT)
- U.S. Treasury releases monthly strips (1900 GMT)
PRICES
Precious metals prices at 2352 GMT
Metal Last Change Pct chg Day ago pct MA 30
Spot gold $991.75 $1.65 +0.17% +10.56% $860.10
Spot silver $16.10 $0.02 +0.12% +34.39% $11.29
Spot plat $1247.00 -$2.50 -0.20% +1.46% $1245.07
COMEX gold $992.70 $0.30 +0.03% +1.60% $952.52
TOCOM gold 2,938 26 +0.89% +2.62% 2,903
TOCOM plat 3,701 19 +0.52% +1.26% 3,784
Currencies
Euro/dlr $1.426 $0.000 +0.04% -0.04%
Dlr/yen 92.69 0.07 +0.08% +0.53% TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices in $ per ounce.
(Reporting by Miho Yoshikawa)
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