Gold edges up above $1131 in Asia
Tuesday, 19 January 2010
SINGAPORE, Jan 18 (Commodity Online): Gold remained highly volatile but showed signs of recovery in Asian trade Monday despite a firm dollar.
Gold for immediate delivery was seen trading at $1,131.20 per ounce at 11.30 a.m Singapore time while gold futures for February delivery were at $1,131.50 per ounce, up 0.1 per cent at the same time.
The dollar remained firm against major currencies Monday, with the euro being vulnerable to falls by concerns about fiscal problems buffeting Greece.
New York energy and commodity markets are closed Monday in observance of Matin Luther King Jr Day.
However, Electronic trading of the NYMEX/COMEX products on CME Globex are running for trade date January 19
On Friday, spot gold settled at $1129.90 in New York while Gold for February delivery fell $12.50 to settle at $1,130.50 an ounce.
Spot gold hit a five-week high of $1,161.50 on January 11. Gold has fallen 2.5 per cent since then, as a rise in the dollar hurt investor sentiment.
March silver slipped 22.8 cents to $18.427 an ounce. Copper for March deliver fell 2.15 cents to $3.3660.
Meanwhile, the holdings by the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, fell 0.914 tones to 1,112.836 tones on Jan 15.
Gold for immediate delivery was seen trading at $1,131.20 per ounce at 11.30 a.m Singapore time while gold futures for February delivery were at $1,131.50 per ounce, up 0.1 per cent at the same time.
The dollar remained firm against major currencies Monday, with the euro being vulnerable to falls by concerns about fiscal problems buffeting Greece.
New York energy and commodity markets are closed Monday in observance of Matin Luther King Jr Day.
However, Electronic trading of the NYMEX/COMEX products on CME Globex are running for trade date January 19
On Friday, spot gold settled at $1129.90 in New York while Gold for February delivery fell $12.50 to settle at $1,130.50 an ounce.
Spot gold hit a five-week high of $1,161.50 on January 11. Gold has fallen 2.5 per cent since then, as a rise in the dollar hurt investor sentiment.
March silver slipped 22.8 cents to $18.427 an ounce. Copper for March deliver fell 2.15 cents to $3.3660.
Meanwhile, the holdings by the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, fell 0.914 tones to 1,112.836 tones on Jan 15.