Gold steadies after rally, Tokyo futures bounce
SINGAPORE, June 12 (Reuters) Gold held steady on Tuesday after bargain hunters lifted the price in New York, while Tokyo futures rebounded from two-week lows.
-- Spot gold was at $653.50/654.10 an ounce, little changed from $653.40/654.90 late the U.S. market on Monday, when it rose more than $5.
-- Dealers said a failure to hold above $650 would open up gold to even deeper losses towards the 200-day moving average of $638.25 last visited in mid-March. Gold fell to a three-month low of $644.40 last Friday.
-- Key April 2008 gold futures on the Tokyo Commodity Exchange gained 11 yen per gram to 2,588 yen after falling to a two-week low of 2,570 yen.
-- The dollar was little changed around 121.70 yen , and the euro was steady around $1.3355 , near a two-month low around $1.3320 touched on Friday.
-- Silver hardly changed at $13.21/13.24 an ounce.
-- Platinum fell to $1,291/1,296 an ounce from $1,292/1,296 late in New York.
-- Palladium dipped to $364/369 an ounce from $366.50/370.50 an ounce.
Precious metals prices at 0114 GMT Last Net Change Pct Move Turnover (lots) TOCOM Gold 2587.00 10.00 +0.39 42388 TOCOM Platinum 5006.00 22.00 +0.44 25873 TOCOM Silver 519.00 3.50 +0.68 2702 TOCOM Palladium 1457.00 6.00 +0.41 1405 Spot Gold 653.10 Spot Platinum 1291.00 Spot Silver 13.21 Spot Palladium 364.00 Change so far in 2007 Metal Latest bid End prev year Pct Move TOCOM Gold 2587.00 2445.00 +5.81 TOCOM Platinum 5006.00 4254.00 +17.68 TOCOM Silver 519.00 493.30 +5.21 TOCOM Palladium 1457.00 1255.00 +16.10 Spot Gold 653.10 636.10 +2.67 Spot Platinum 1291.00 1132.00 +14.05 Spot Silver 13.21 12.85 +2.80 Spot Palladium 364.00 332.00 +9.64 Euro/Dollar $1.3359 Dollar/Yen 121.61 TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams spot prices in $ per ounce.
REUTERS SRS PM0755