Friday, August 08, 2008
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General Market Live News
Aug 6 2008 6:17AM
Platinum off 6-month low, gold at 7-week trough
    SINGAPORE, Aug 6 (Reuters) - Platinum bounced on bargain 
hunting on Wednesday after falling to its lowest level in more 
than six months the previous day, while gold tumbled to a 
seven-week low on weaker oil prices and firmer U.S. dollar. 
    -- Spot platinum <XPT=> rose to $1,565/1,575 an ounce from 
$1,563.00/1,583.00 late in New York on Tuesday, when it hit an 
intraday low of $1,517 an ounce on fears of falling demand for 
autocatalysts due to poor car sales. 
    -- The most active Tokyo platinum contract for June 2009 
delivery <0#JPL:> on the Tokyo Commodity Exchange rose 106 yen 
per gram 5,432 in a technical rebound after tumbling by 300 yen 
daily limit the previous day. 
    -- Gold <XAU=> edged up to $878.55/879.55 an ounce from 
$876.35/877.95 late in New York. It hit an intraday low of $872.35 
an ounce on Wednesday, its lowest level since June 16. 
    -- The dollar climbed to seven-week peaks against the euro 
and a major currency basket on Tuesday, as oil prices plunged and 
the Federal Reserve maintained its focus on quelling persistent 
U.S. inflation pressure in the economy. [USD/] 
    -- Gold futures for December delivery <GCZ8> on the COMEX 
division of the New York Mercantile Exchange added $0.7 to 
$986.80 an ounce. 
    -- Spot palladium <XPD=> rose to $349.00/357.00 an ounce from 
$346.00/354.00 late in New York. 
    -- Silver <XAG=> edged up to $16.52/16.58 an ounce from 
$16.45/16.53 late in New York. 
 Precious metals prices at 0031 GMT 
 Metal             Last    Change  Pct chg  YTD pct chg  Turnover 
 Spot Gold         879.10    5.85   +0.67      5.57 
 Spot Silver        16.52    0.12   +0.73     11.85 
 Spot Platinum    1564.00    1.00   +0.06      2.89 
 Spot Palladium    349.00    3.00   +0.87     -5.16 
 TOCOM Gold       3091.00   -7.00   -0.23      1.01        14061 
 TOCOM Platinum   5435.00  109.00   +2.05      1.80         5859 
 TOCOM Silver      581.60   -4.60   -0.78      7.50          250 
 TOCOM Palladium  1254.00   36.00   +2.96     -7.18          303 
 Euro/Dollar       1.5472 
 Dollar/Yen        108.40 
 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 Ben Tan) 
 (([email protected]; +65 6870 3834;  Reuters 
Messaging:[email protected])) 
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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> 
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 - 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 
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 SPEED GUIDES 
 <COMMOD>            <ENERGY> 
 <PRECIOUS/1>        <PRECIOUS/2> 
 <REUTERS> 
Keywords: MARKETS PRECIOUS/ 
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