SINGAPORE, May 1 (Reuters) - Gold jumped more than 1 percent
on Thursday after the U.S. Federal Reserve cut interest rates, as
expected, and hinted the move could be the last in a series to
buffer the economy.
-- Gold <XAU=> rose to $876.60/877.60 an ounce from
$864.65/866.05 an ounce late in New York on Wednesday, when it
had dropped to a three-month low of $862.30 an ounce.
-- The Fed, however, kept open its options, leaving investors
guessing that rates could still move lower.
-- The dollar fell against the euro on Wednesday after the
rate cut.
-- Gold futures for June delivery <GCM8> on the COMEX
division of the New York Mercantile Exchange rose $13.5 an ounce
to $878.6 an ounce.
-- Spot platinum <XPT=> rose to $1,917.50/1,937.50 an ounce
from $1,906/1,921 late in New York.
-- Most active Tokyo April platinum futures <0#JPL:> added 29
yen per gram to 6,259 yen.
-- Silver <XAG=> edged up to $16.86/16.92 an ounce from
$16.60/15.65 an ounce.
-- Spot palladium <XPD=> rose to $417.50/425.50 an ounce from
$410.50/418.50 late in New York.
Precious metals prices at 0020 GMT
Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 876.25 2.75 +0.31 5.23
Spot Silver 16.87 0.02 +0.12 14.22
Spot Platinum 1917.50 0.00 +0.00 26.15
Spot Palladium 417.50 0.00 +0.00 13.45
TOCOM Gold 2953.00 26.00 +0.89 -3.50 5488
TOCOM Platinum 6235.00 5.00 +0.08 16.78 2012
TOCOM Silver 568.50 13.00 +2.34 5.08 261
TOCOM Palladium 1426.00 -11.00 -0.77 5.55 402
Euro/Dollar 1.5630
Dollar/Yen 103.77
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
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