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PRECIOUS-Gold, silver steady after losses; dollar mixed

Published 06/12/2011, 09:40 PM
Updated 06/12/2011, 09:44 PM
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SINGAPORE, June 13 (Reuters) - Spot gold was steady on Monday, after slipping almost 1 percent in the previous session, while a mixed dollar -- down versus the euro, up versus a currency basket, and a holiday in Australia, was expected to make for fitful trade.

FUNDAMENTALS

* Spot gold fell 4 cents to $1,530.99 an ounce by 0118 GMT, after ending last week half a percent lower.

* U.S. gold edged up 0.2 percent to $1,532.30.

* The dollar fell 0.1 percent versus the dollar , by rose 0.05 percent against a currency basket .

* Bullion came under pressure after Wall Street resumed its slide following weaker Chinese trade data last week.

* More data is scheduled to be released from the world's top gold producer, including inflation where the market expects a small rise to 5.4 percent in consumer prices.

* Support for gold was seen at its 20-day moving average of $1,524, a level it has held for the past three weeks.

(Graphic: http://link.reuters.com/sew99r )

* Silver rose 0.2 percent to $36.21 after slipping more than 3 percent on Friday.

* For the top stories on metals and other news, click , or

MARKET NEWS

* The euro edged higher against the dollar, but renewed weakness were likely in the upcoming week, weighed down by wranglings about how to handle Greece's debt crisis and diminished expectations about euro zone rate hikes.

* Oil extended losses after Friday's news that Saudi Arabia was offering more oil to Asian customers, with additional pressure from a stronger dollar .

* The Dow and S&P 500 closed out their sixth week of losses on Friday as further signs of a global economic slowdown set the stage for more losses ahead.

Precious metals prices 0118 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1530.99 -0.04 -0.00 7.86 Spot Silver 36.21 0.08 +0.22 17.34 Spot Platinum 1825.24 1.49 +0.08 3.27 Spot Palladium 811.75 1.80 +0.22 1.53 TOCOM Gold 3972.00 -8.00 -0.20 6.52 30344 TOCOM Platinum 4772.00 -3.00 -0.06 1.62 3269 TOCOM Silver 93.90 -2.40 -2.49 15.93 650 TOCOM Palladium 2108.00 13.00 +0.62 0.52 149 COMEX GOLD AUG1 1532.30 3.10 +0.20 7.80 3704 COMEX SILVER JUL1 36.24 -0.09 -0.25 17.11 6724 Euro/Dollar 1.4337 Dollar/Yen 80.50 TOCOM prices in yen per gram. Spot prices in $ per ounce. COMEX gold and silver contracts show the most active months (Reporting by Nick Trevethan; Editing by Himani Sarkar)

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