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 SINGAPORE, April 14 (Reuters) - Gold extended gains on
Thursday as the U.S. dollar held near a 16-month low against a
basket of currencies, while declines in ETF holdings suggested
investors were still keen to book profits after bullion struck a
record high earlier this week. 	

 FUNDAMENTALS	

 * Spot gold rose $1.78 to $1,456.39 an ounce by 0035
GMT. Gold hit a record above $1,476 an ounce on Monday on hopes
the U.S. dollar would stay weak and that the Federal Reserve
would stick to its super-easy monetary policy. 	

 * Gold's decade-long price rally could take the metal above
$1,600 an ounce by year-end, metals consultancy GFMS said in a
widely anticipated industry report on Wednesday, as investor
appetite for gold sharpens further. [ID:nLDE73C1Q0]	

 * The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust , said its holdings extended losses and fell to
1,212.964 tonnes by April 13, their lowest in a week, from
1,216.299 tonnes on April 12. 	

 * IShares Silver Trust said its holdings slipped to
10,969.71 tonnes by April 13 from 11,212.53 tonnes on April 12,
and a record of 11,242.89 tonnes hit on April 8.    	

 * Spot silver hardly changed at $40.52 an ounce,
still below a 31-year high at $41.93 struck on Monday. 	

 * U.S. gold futures for June rose $2.8 an ounce
$1,458.4 an ounce. 	

 MARKET NEWS	

 * The dollar held near the previous day's 16-month low
against a basket of currencies on Thursday as mixed U.S. data
did nothing to change the view that the Federal Reserve would
stick to its super-easy monetary policy. 	

  * Japan's Nikkei average inched lower on Thursday and is
expected to trade in a tight range in low volume for the rest of
the day with tech shares poised to outperform after their U.S.
peers posted strong gains overnight. 	

 * U.S. crude futures firmed on Thursday after data showing
U.S. gasoline stockpiles plunged last week and lingering worries
about the Libyan conflict helped their rebound from below $106
per barrel the previous day. 	

    

    

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SINGAPORE, April 12 (Reuters) - Gold fell on Tuesday, hovering below a
record high while silver was off a 31-year peak struck in the previous session
as long-term commodity bull Goldman Sachs advised investors to lock-in trading
profits before oil and other markets reverse.	

 FUNDAMENTALS	

 * Spot gold fell $9.94 an ounce to $1,456.81 an ounce by 0027 GMT,
having hit a record around $1,476 an ounce on Monday on the prospect of more
declines in the U.S. dollar. 	

 * Spot silver slipped 19 cents to $39.98 an ounce, below a 31-year
high at $41.93 struck on Monday. 	

 * Goldman Sachs has told its clients there is a strong chance of key
commodity prices reversing and recommended they take profits. [ID:nN11303064]	

 * U.S. gold futures for June dropped $9.6 an ounce $1,458.5 an ounce.	

 MARKET NEWS	

 * The yen and U.S. dollar found some reprieve in Asia on Tuesday as demand
for red-hot commodity currencies like the Australian dollar waned, but dovish
comments from Federal Reserve officials were seen likely to limit the
greenback's upside potential. 	

 Oil prices fell sharply in early Asian trading on Tuesday. 
  
  
  
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 SINGAPORE, April 11 (Reuters) - Gold jumped to a record high
for a fifth straight trading day on Monday as the prospect of
more declines in the U.S. dollar drove investors into the
precious metal, with record exchange traded fund holdings
helping silver to its highest in more than three decades.	

 Heightened inflationary threats despite interest hikes by
China and the European Central Bank boosted gold's safe haven
appeal, while silver also attracted buying from investors
looking for a cheaper alternative to bullion. The gold-to-silver
ratio was at a 28-year low around 35.   	

 Spot gold added $1.35 to $1,474.05 an ounce by 0539
GMT, having risen as high as $1,476.21 after the euro jumped to
a 15-month high against the U.S. dollar. 	

 " I think there is a good chance that gold could hit $1,500
an ounce within this quarter. And perhaps even higher if we see
the weakness in the dollar persist and the Federal Reserve
continues their relatively easy monetary policy,"  said Ong Yi
Ling, investment analyst at Phillip Futures in Singapore.	

 " This week, perhaps, the focus could be on whether the
Federal Reserve actually indicates to the market whether they
will be exiting their loose monetary policy, and whether they
display any hawkish signals."  	

 Gold has gained more than 10 percent since late January when
political unrest began to flare in the Middle East and North
Africa. 	

 But Monday's gains could be capped by a drop in energy
prices. Brent crude LCOc1 fell below $126 after the African
Union said Muammar Gaddafi has accepted a roadmap to end the
civil war in Libya, including an immediate ceasefire in the
North African producer. 	

 The metal is still far below its all-time inflation-adjusted
high, estimated at almost $2,500 an ounce set in 1980, an era of
Cold War tension, oil shocks and hyperinflation.	

 Spot gold is heading towards $1,518 per ounce based
on its wave pattern and a Fibonacci projection analysis,
according to Wang Tao, a Reuters market analyst for commodities
and energy technicals. 	

 Spot silver rose as high as $41.93 an ounce, its
strongest in 31 years. IShares Silver Trust said its
holdings hit another record at 11,242.89 tonnes by April 8 from
11,192.80 tonnes on April 7.   	

 The dollar dipped against a basket of currencies, weighed by
positive signs for investor risk-taking, and remained stuck near
last week's 16-month low versus a basket of major currencies.

 The ECB raised rates by 25 basis points at its April meeting
last week and signalled it was ready to tighten further if
needed to check rising prices, but in contrast, both the Fed and
Bank of Japan are expected to keep interest rates near zero for
an extended period of time.   	

 Janet Yellen, Fed Vice Chair, said on Saturday the U.S.
economy is still not strong enough for the Fed to start
reversing its extremely accommodative monetary policy. 	

 NY Fed chief William Dudley speaks later on Monday and
should also sound dovish.	

 U.S. gold futures for June rose $2.5 to $1,476.6 an
ounce after rising to a record at $1,478 an ounce.   	

 The physical sector saw selling from Thailand and Indonesia,
but volume was light as holders waited for more gains in gold
prices before cashing in. Premiums were steady at between 70
cents and $1 an ounce to the spot London price in Singapore. 	

 " Selling started last week, but I don't think the quantity
is huge. Thailand has quietened down a bit and I think because
people are still bullish about gold,"  said a dealer in
Singapore.	

 " My premiums are unchanged at 70 cents,"  he added.	

 Another Singapore-based dealer said selling picked up from
Indonesia on Monday, but it had little no impact on premiums. 	

 " I sold my last deal into Thailand at 80 cents, so I presume
the premiums are about there,"  he added.	

 In other markets, the Nikkei edged lower after Citigroup
slashed its ratings on major automakers to " sell" , although
buying of reconstruction-related stocks supported the market.
 	

 SINGAPORE, April 8 (Reuters) - Gold struck a record high on
Friday, and silver hit $40 an ounce for the first time since
1980, as a weaker dollar and concerns about inflation sent
investors piling into precious metals.	

 Silver exchange traded fund holdings jumped to an all-time
high and gold holding rose to their largest since mid-March as a
surge in oil and other commodity prices threatens to bolster
already rising inflation. 	

 Investors are also looking to the prospect of more declines
in the dollar following the European Central Bank's first rate
hike since 2008.	

 Spot gold rose as high as $1,466.40 an ounce, on
track for a gain of 1 percent this week.	

 " Corrections from here are likely to be shallow, with fresh
investment demand emerging on all dips. $1,500 an ounce is
around the corner and may be hit in the next few sessions,"  said
Pradeep Unni, senior analyst at Richcomm Global Services in
Dubai.   	

 The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust , said its holdings rose to 1,217.209 tonnes by
April 7, their highest since mid-March. 	

 " Maybe there is some dollar-related buying because it's
weakening. People see the ETF increasing a bit, so they want to
buy some gold,"  said Ronald Leung, director of Lee Cheong Gold
Dealers in Hong Kong.	

 " There's a small amount of physical buying. Jewellers are
covering shorts, but it's a very small amount. Everybody is
looking for a new high, maybe $1,500 or $1,600."  	

 Spot gold is poised to rise to $1,477 per ounce based
on its wave pattern and a Fibonacci projection analysis,
according to Wang Tao, a Reuters market analyst for commodities
and energy technicals.	

 Dealers noted selling of gold scrap from Indonesia and
Thailand, but the light volume had little impact on prices,
keeping premiums for gold bars steady in Singapore at between 70
cents to $1 an ounce. 	

 Main buyer India, which is the midst of the busy wedding
season, was on the sidelines after prices surged to a record. 	

 Spot silver , seen as a cheaper alternative to gold,
hit an intraday high of $40 an ounce, and is set to rise 6
percent this week.     	

 IShares Silver Trust said its holdings hit 11,192.80
tonnes by April 7 from 11,162.45 tonnes on April 4.	

 U.S. gold futures for June hit $1.468 an ounce, a
record high.	

 The euro showed resilience and touched a 15-month high
against the dollar on Friday, bouncing back after dipping the
previous day in a sell-the-fact type of reaction to a
widely-expected rate rise by the European Central Bank. 	

 The ECB raised interest rates for the first time since the
2008 financial crisis on Thursday and signalled it was ready to
tighten policy further if needed to check rising prices.

 U.S. and Brent crude futures climbed to their highest in
2-1/2 years as supply worries stemming from attacks on Libyan
oil fields and unrest in the Middle East offset demand concerns
spurred by a major aftershock in Japan. 	

 Japan's Nikkei advanced nearly 1.5 percent on Friday, with
active short-covering by players including commodity trading
advisers detected, after no further damage was reported at the
crippled nuclear plant in northeast Japan following last night's
aftershock. 	

  " I would say the quake has little impact, but we do see
selling from the physical market which cuts the premium,"  said a
dealer in Tokyo, referring to sales of gold bars as bullion
prices rose.

 Gold bars were offered at a discount of 25 cents to spot
London prices, having been quoted on par earlier this 

SINGAPORE, April 7 (Reuters) - Gold held steady near a
record on Thursday ahead of an expected euro zone interest rate
hike, while silver barely moved after rising to its highest in
more than three decades in the previous session on lingering
worries about inflation. 	

 FUNDAMENTALS	

 * Spot gold eased 31 cents to $1456.69 an ounce by
0045 GMT, after striking a record of $1,461.91 on Wednesday as
the U.S. dollar slipped to a 14-month low against the euro. 	

 * Spot silver hardly changed at $39.37 an ounce,
within sight of a 31-year peak of $39.75 struck on Wednesday.	

 * U.S. gold futures for June barely moved at $1.457.7
an ounce. 	

 * The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust , said its holdings fell to 1,205.467 tonnes by
April 6 from 1,212.745 tonnes on April 5. 	

  * The European Central Bank is poised to raise interest
rates from a record low 1.0 percent on Thursday and more is
likely to follow but, fearful of heaping more pain on the euro
zone's stragglers, it will give few clues about when the next
move will come. 

 MARKET NEWS	

 * The yen held near a six-month low against the dollar on
Thursday and an 11-month trough versus the euro ahead of
monetary policy meetings in Japan and the euro zone that are
expected to reinforce widening interest rate differentials.
 	

 * Japan's Nikkei average was up nearly 1 percent shortly
after the opening on Thursday as falls in the prior two sessions
took the market to levels investors found attractive, especially
after convincing gains in the U.S. and other overseas equities
markets. 	

 * Brent crude oil prices rose to a 2-1/2-year high above
$123 a barrel on Wednesday before erasing the majority of gains
in volatile trade as market players fretted the recent rally was
overdone. 	


  

  

  //*
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//*