SINGAPORE, May 19 (Reuters) - Gold was little changed on Thursday and silver extended gains from the previous session, when commodities posted their biggest rise in two months after a recent sell-off, as a weaker dollar lent support.
FUNDAMENTALS
* Spot gold was flat at $1,496.29 an ounce by 0044
GMT. U.S. gold
* Spot silver rose 1.6 percent to $35.58, after a 3
percent rise in the previous session, and U.S. silver
* The 19-commodity Reuters-Jefferies CRB index settled up 2.3 percent on Wednesday, its biggest one-day rise in two months, lifted by surging oil and grains prices.
* Commodities may face more correction in the short term after the recent sell-off, but are in a long-term trend of solid demand growth, industry officials said. [ID:nLDE74F15N][ID:nL4E7GI1Y4]
* Holdings in the SPDR Gold Trust , the world's largest physically backed exchange-traded fund, slipped to a one-year low of 1,191.344 tonnes. Holdings in the world's biggest silver ETF, iShares Silver Trust , also dropped.
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MARKET NEWS
* Wall Street snapped its three-day losing streak on Wednesday, supported by a rebound in commodity prices and Dell's strong earnings, but investors say stocks still face headwinds.
* The dollar weakened against a basket of currencies on Thursday, as the euro edged up, though the single currency was still seen vulnerable due to uncertainty over the Greek debt crisis.
DATA/EVENTS 0430 Japan Industrial output rev Mar 2011 Russia Industrial output Apr 2011 1230 U.S. Unemployment claims Weekly 1400 U.S. Leading indicators Apr 2011 1400 U.S. Philadelphia Fed Index May 2011 1400 U.S. Existing home sales Apr 2011
PRICES Precious metals prices 0044 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1496.29 -0.01 -0.00 5.41 Spot Silver 35.58 0.57 +1.63 15.29 Spot Platinum 1783.74 20.34 +1.15 0.92 Spot Palladium 735.97 7.09 +0.97 -7.95 TOCOM Gold 3938.00 39.00 +1.00 5.60 29600 TOCOM Platinum 4747.00 69.00 +1.47 1.09 7249 TOCOM Silver 93.30 3.90 +4.36 15.19 983 TOCOM Palladium 1947.00 47.00 +2.47 -7.15 124 COMEX GOLD JUN1 1496.60 0.80 +0.05 5.29 4762 COMEX SILVER JUL1 35.58 0.48 +1.38 15.00 1075 Euro/Dollar 1.4275 Dollar/Yen 81.63 TOCOM prices in yen per gram. Spot prices in $ per ounce. COMEX gold and silver contracts show the most active months (Reporting by Rujun Shen; Editing by Himani Sarkar)