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
-- 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
-- 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
-- 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
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