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Commodity News
Feb 28 2008 6:08AM
Gold firms near record high, focus on U.S. dollar
    SINGAPORE, Feb 28 (Reuters) - Gold firmed on Thursday, 
holding near a record hit the previous day with investors 
watching currencies for direction. 
    -- Gold <XAU=> rose to $959.70/960.50 an ounce from 
$957.50/958.30 late in New York. Gold rallied to an all-time high 
of $964.70 an ounce on Wednesday as the dollar tumbled against 
other currencies on possible U.S. interest rate cuts. 
     -- Silver <XAG=> edged up $19.31/19.36 an ounce from 
$19.22/19.27 an ounce, having reached a 27-year peak of $19.45 on 
Wednesday. 
    -- The dollar dropped to all-time lows against the euro and a 
basket of currencies on Wednesday after Federal Reserve Chairman 
Ben Bernanke signaled further interest rate cuts in the fight to 
avert a U.S. recession. [ID:nN27478303] 
    -- Spot platinum <XPT=> dipped to $2,129/2,136 from 
$2,130/2,140 an ounce late in New York and off last week's record 
of $2,192 an ounce. 
    -- The most active February 2009 contract <0#JPL:> on the 
Tokyo Commodity Exchange shed 127 yen per gram to 7,130 yen. 
    -- Palladium <XPD=> hardly changed at $550/554 an ounce. 
 Precious metals prices at 0030 GMT 
 Metal             Last    Change  Pct chg  YTD pct chg  Turnover 
 Spot Gold         959.70    2.70   +0.28     15.25 
 Spot Silver        19.31    0.09   +0.47     30.74 
 Spot Platinum    2129.00   -1.00   -0.05     40.07 
 Spot Palladium    550.00    0.00   +0.00     49.46 
 TOCOM Gold       3307.00  -12.00   -0.36      8.07        12976 
 TOCOM Platinum   7130.00 -127.00   -1.75     33.55         6313 
 TOCOM Silver      665.90   -2.90   -0.43     23.09          345 
 TOCOM Palladium  1964.00   -6.00   -0.30     45.37         5719 
 Euro/Dollar       1.5114 
 Dollar/Yen        106.29 
 TOCOM prices in yen per gram, except TOCOM silver which is 
priced in yen per 10 grams. Spot prices in $ per ounce. 
  (Reporting by Lewa Pardomuan; Editing by Jan Dahinten) 
 (([email protected]; +65 6870 3834;  Reuters 
Messaging:[email protected])) 
 ((Multimedia versions of Reuters Top News are now available 
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http://topnews.session.rservices.com 
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   For more information on Top News, visit 
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     Reuters Terminal users can see related news and prices by 
double clicking on the codes in brackets: 
 - All precious metals headlines [GOL] 
 - Precious metals market reports [GOL/] 
 - Daily fixing headlines [GOL/FIX] 
 - Technical analysis [PREC/I] 
 - Indian gold reports [GOL/IN] 
 - European gold prices <GOLD/EU1><GOLD/EU2><0#PREC> 
 - London interbank gold forward rates <GOFO> <0#GOFO=> 
 - London silver forwards <SIFO><SIFO=> 
 - Gold lease rates <LGLR><0#LGLR=> 
 - London Bullion Market Association <LBMA01> 
 - New York Comex gold <0#GC:> and silver <0#SI:> 
 - New York platinum <0#PL:> and palladium <0#PA:> 
 - Asian gold prices <GOLD/ASIA1><0#PREC> 
 - Australian precious metals prices <GOLD/ASIA2><0#AUPREC=> 
 - Shanghai Gold Exchange prices <SGE/MENU> 
 - Hong Kong gold exchange prices <HKGG> 
 - Hong Kong bullion prices <SHKG> 
 - Indian bullion prices <INBULL><0#PREC-IN> 
 - Japanese producer prices <JP/PROD1> 
 For Related News and other topics, double click on one of these 
codes: 
 SPEED GUIDES 
 <PRECIOUS1>         <PRECIOUS/FUT1> 
 <PRECIOUS/CASH1>    <PRECIOUS/SWAP1> 
 <PRECIOUS/VOL1>     <REUTERS> 
Keywords: MARKETS PRECIOUS/ 
  Source:   

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