FUNDAMENTALS
* Spot gold was little changed at $1,776.21 an ounce by 0035 GMT, on course for an 11-percent quarterly rise -- its biggest quarterly gain since June, 2010.
* U.S. gold was also nearly flat at $1,779.
* Spain announced a crisis budget for 2013 based mostly on spending cuts on Thursday, in what many see as an effort to pre-empt the likely conditions of an international bailout.
* A spike in oil prices also supported sentiment on gold, after tensions between Iran and the West fuelled potential supply disruptions.
* China severely underestimated this year's global economic slowdown and further cuts to Chinese interest rates or bank reserve requirements hinge on any new deterioration in the external environment, a central bank adviser said on Thursday.
* The world's top platinum producer, Anglo American Platinum , began disciplinary action against illegal strikers on Thursday and rival Impala Platinum offered workers a pay rise as the South African mining industry struggles to end weeks of labour unrest.
* Spot platinum inched up 0.2 percent to $1,647 an ounce, heading for a 7.6-percent monthly rise, its second straight month of gains.
MARKET NEWS
* The S&P 500 snapped a five-day string of declines in a broad-based rally on Thursday, as Spain's plans for economic reform eased some worries about one of the euro zone's most troubled countries.
* The euro held firm on Friday, while commodity currencies started Asian trade sharply higher.
DATA/EVENTS
0230 China HSBC Manufacturing PMI Final
0500 Japan Construction orders
0600 Germany Retail sales
0900 Euro zone Inflation
1230 U.S. Quarterly grain stocks report
1230 U.S. Personal income/spending for August
1345 U.S. Chicago PMI for September
1355 U.S. Thomson Reuters/Univ of Michigan final
consumer sentiment index for September
1930 U.S. CFTC commitment of traders data
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