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PRECIOUS-Gold inches down; Greece debt deal eyed
2012-02-09 09:33:12

 FUNDAMENTALS	
    * Spot gold inched down 0.1 percent to $1,730.99 an
ounce by 0036 GMT. U.S. gold edged up 0.1 percent to
$1,733.80.	
    * Greek political leaders agreed to cut the minimum wage by
22 percent as part of reforms required for a new bailout, but
left the issue of supplementary pensions unresolved.
   	
    * All eyes will be on what the European Central Bank is
willing to do to help Greece when it holds its monthly policy
meeting on Thursday, with interest rates expected to stay on
hold ahead of a major funding operation later this month.
 	
    * Investors will also watch China's January inflation data
due at 0130 GMT, which is expected to hold unchanged from
December, according to economists polled by Reuters.
 	
    * Nasdaq OMX Group Inc said on Wednesday it is
launching new spot gold futures that will be cash-settled with
an aim to simulate over-the-counter trading of spot bullion.
 	
    * German exports fell at their fastest rate in nearly three
years in December and imports unexpectedly dropped, adding to
signs that the euro zone sovereign debt crisis hit the region's
top economy hard in the fourth quarter. 	
    * For the top stories on metals and other news, click
, or 	
    	
    MARKET NEWS	
    *  The euro dipped in early Asian trade on Thursday after
Greek political parties concluded marathon negotiations with the
issue of pension cuts left unresolved, though hopes that a deal
will soon be reached limited the damage. 	
    * U.S. stocks closed flat in another thinly traded session
on Wednesday as Greece remained in a standstill over accepting
tough reforms in exchange for a bailout critical to avoiding a
chaotic default. 	
    	
    DATA/EVENTS	
 0130  China     CPI yy                   Jan                      
 0130  China     PPI yy                   Jan                     
 0500  Japan   Consumer confid.index      Jan                      
 1200  Britain   BOE Bank Rate            Feb                      
 1245  EZ        ECB rate decision        Feb                      
 1330  U.S.      Jobless claims           Weekly                   
    	
    PRICES	
    Precious metals prices 0036 GMT
  Metal             Last    Change  Pct chg  YTD pct chg    Volume
  Spot Gold        1730.99   -2.40   -0.14     10.69
  Spot Silver        33.86   -0.10   -0.29     22.28
  Spot Platinum    1650.99   -9.50   -0.57     18.52
  Spot Palladium    708.98   -1.52   -0.21      8.66
  COMEX GOLD APR2  1733.80    2.50   +0.14     10.66         1460
  COMEX SILVER MAR2  33.88    0.18   +0.52     21.37          183
  Euro/Dollar       1.3238
  Dollar/Yen         77.05

 





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Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
4,593.504,243.50
1oz ABC Bullion Cast Bar
3,822.003,482.00
100g ABC Bullion Bar
12,195.6011,245.60
1kg ABC Bullion Silver
1,651.901,301.90
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