TOKYO, Oct 5 (Reuters) Gold was little changed on Friday after recovering the previous day, while Tokyo futures gained ground on a rise in the dollar versus the yen, which inflates yen-based prices.
-- By 0045 GMT spot gold was trading at $735.50/736.20 an ounce versus Thursday's late New York level of $736.10/736.90.
-- Gold bullion has largely moved in reverse correlation to the dollar's movement against the euro since the yellow metal hit a 28-year peak of $747.65 on Monday.
-- A firmer dollar makes gold costlier for holder of other currencies and often lowers bullion demand.
-- COMEX futures fell in Asia, with the most active December contract down $2.1 an ounce at $741.7 from the New York settlement. On Monday, it hit a 28-year high of $755.70.
-- The dollar steadied versus the euro on Friday, staying above a record low marked earlier this week as investors braced for a crucial US September jobs report later in the session.
-- The US currency eased overnight as investors expected the payrolls data to keep the Federal Reserve on track to cut interest rates again later this month.
-- The euro was little changed from late US trade on Thursday at $1.4135. Against the yen, the dollar was flat at 116.45 yen .
-- There were signs that demand in gold exchange traded funds (ETFs) may have peaked for now. The recent rally in global stock markets has lured investors' attention away from gold, whose price is already at high levels.
-- The latest data showed that gold held in New York's StreetTRACKS Gold Shares , the most popular gold-backed ETF, fell slightly to 577.85 tonnes from a record high of 578.03 tonnes earlier this week. -- The August 2008 gold contract on the Tokyo Commodity Exchange <0JAU:> rose 31 yen or 1.1 percent to 2,779 yen per gram. It reached a 22-year high of 2,804 yen on Tuesday.
-- Platinum rose to $1,363/1,368 an ounce from $1,359.50/1,366.50 in New York. It had risen to $1,391 earlier this week, within sight of last November's record high of $1,395.
-- Palladium edged down to $354/359 an ounce from $365/369 in New York.
-- Silver was at $13.36/13.39 an ounce, flat on late New York's $13.36/13.41.
Precious metals prices at 0058 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 735.90 -1.40 -0.19 15.76 Spot Silver 13.37 0.00 +0.00 4.05 Spot Platinum 1362.00 2.50 +0.18 20.32 Spot Palladium 365.00 0.00 +0.00 9.94 TOCOM Gold 2780.00 32.00 +1.16 13.70 24965 TOCOM Platinum 5048.00 27.00 +0.54 18.66 13125 TOCOM Silver 503.60 5.00 +1.00 2.09 405 TOCOM Palladium 1387.00 38.00 +2.82 10.52 483 Euro/Dollar 1.4135 Dollar/Yen 116.43 TOCOM prices in yen per gram, except for silver which is in yen per 10 grams, spot prices in $ per ounce.
REUTERS SBA AS0709