Gold steadies in Asian trade
Tuesday, 14 December 2010
SINGAPORE, Dec 13 (Commodity Online): Gold prices remained steady in Asian trade Monday after ending lower last week while silver and platinum moved up.
Spot gold was seen trading at $1385.21 a barrel at 12.30 pm Singapore time while Futures for February delivery were little changed at $1,385.80 on the Comex in New York.
Silver holdings gained 18.95 tons to 15,039.14 tons, the highest amount since at least February, data from four providers show.
Silver for immediate delivery gained 0.6 per cent to $28.84 an ounce. Platinum rose 0.2 per cent to $1,685.50 an ounce, while cash palladium increased 0.7 per cent to $740.50 an ounce.
The metal lost 2 per cent last week, the biggest loss since Oct 22. Bullion has climbed 26 per cent this year, reaching a record $1,431.25 an ounce on Dec 7. Gold typically moves inversely to the dollar.
The dollar gained against the basket of six other currencies before data tomorrow that may show US retail sales climbed for a fifth consecutive month.
Bullion has climbed 26 per cent this year, reaching a record $1,431.25 an ounce on Dec 7. Gold typically moves inversely to the dollar.
Spot gold was seen trading at $1385.21 a barrel at 12.30 pm Singapore time while Futures for February delivery were little changed at $1,385.80 on the Comex in New York.
Silver holdings gained 18.95 tons to 15,039.14 tons, the highest amount since at least February, data from four providers show.
Silver for immediate delivery gained 0.6 per cent to $28.84 an ounce. Platinum rose 0.2 per cent to $1,685.50 an ounce, while cash palladium increased 0.7 per cent to $740.50 an ounce.
The metal lost 2 per cent last week, the biggest loss since Oct 22. Bullion has climbed 26 per cent this year, reaching a record $1,431.25 an ounce on Dec 7. Gold typically moves inversely to the dollar.
The dollar gained against the basket of six other currencies before data tomorrow that may show US retail sales climbed for a fifth consecutive month.
Bullion has climbed 26 per cent this year, reaching a record $1,431.25 an ounce on Dec 7. Gold typically moves inversely to the dollar.