Tuesday, 21 June 2011
Posted by
Admin Hijrah Dinar |
Edit Post
Tue Jun 21, 2011 1:55am BST
SINGAPORE, June 21 (Reuters) - Gold edged up on Tuesday and held near its highest in two weeks on a softer U.S. dollar against the euro and growing fears that Greece could end up defaulting on its debt.
FUNDAMENTALS
* Spot gold added $1.40 to $1,541.35 an ounce by 0041 GMT after rising as high as $1,545.90 an ounce on Monday, its strongest since June 9. Gold is still below a lifetime high around $1,575 touched in early May.
* Silver was hardly changed, at $35.97 an ounce, below a record at $49.51 an ounce in April.
* Euro zone finance ministers gave Greece two weeks from Monday to approve further spending cuts and tax increases in exchange for another 12 billion euros in emergency loans, piling pressure on Athens to get its ragged finances in order.
* Jewellers in Indonesia have started making inquiries ahead of the fasting month of Ramadan, and jewellers in Hong Kong are happy to buy on dips but volatile bullion prices have scared off investors in Japan.
MARKET NEWS
* The Nikkei average rose on Tuesday as tension over Europe's economic woes eased on the latest move to help Greece handle its debt, but gains may be limited on caution ahead of a Federal Open Market Committee meeting this week.
* Oil rose in early trade on Tuesday as the previous session's losses gave investors an opportunity to buy and the U.S. dollar weakened.
DATA EVENTS (GMT)
0900 Germany ZEW economic sentiment Jun 2011
1145 U.S. ICSC chain stores yy Weekly
1400 U.S.Exist. home sales % chg May
1400 U.S. Existing home sales May
Precious metals prices 0041 GMT
Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 1541.35 1.40 +0.09 8.59 Spot Silver 35.97 -0.03 -0.08 16.56 Spot Platinum 1738.99 12.04 +0.70 -1.61 Spot Palladium 752.25 8.60 +1.16 -5.91 TOCOM Gold 3982.00 10.00 +0.25 6.78 20877 TOCOM Platinum 4553.00 -19.00 -0.42 -3.05 8740 TOCOM Silver 92.80 0.90 +0.98 14.57 355 TOCOM Palladium 1951.00 25.00 +1.30 -6.96 163 Euro/Dollar 1.4347 Dollar/Yen 80.19 TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Clarence Fernandez)
Category:
Gold Saving / Investment
Subscribe to:
Post Comments (Atom)
Post Catagories
- Agama / Hukum-Hakam (1)
- Aktiviti (5)
- Gold Saving / Investment (106)
- Simpanan / Pelaburan Emas (40)
- Ucapan / Wish (6)
- Zakat (2)
HIJRAH DINAR PRICE
HIJRAH SILVER PRICE
KITCO SPOT PRICE
MALAYSIAN SPOT PRICE
Shout Box
About Me
Followers
Powered by Blogger.
0 comments:
Post a Comment