SINGAPORE, March 8 (Reuters) - Gold ticked higher on Monday
on firmer euro after ending about $20 higher last week as a
sovereign debt crisis in Greece ignited safe haven buying,
which also sent euro-priced bullion to record.
FUNDAMENTALS
* Spot gold <XAU=> traded as high as $1,136.85 an ounce and
was at $1,133.80 an ounce by 0040 GMT, steady from New York's
notional close on Friday, when bullion in euro term <XAUEUR=R>
jumped to a lifetime high at 838.26 euros.
* U.S. gold futures for April delivery <GCJ0> was unchanged
at $1,135.2 an ounce.
* The world's largest gold-backed exchange-traded fund,
SPDR Gold Trust <GLD>, said its holdings stood at 1,116.120
tonnes as of March 5, up 0.609 tonnes from the previous
business day. [GOL/SPDR]
* Palladium <XPD=> was unchanged at $471 an ounce, having
risen to around $475 on Friday, its strongest since late March
2008 on optimism about global autocatalyst demand and possible
near-term tightness.
MARKET NEWS
* The euro <EUR=> was higher on the U.S. dollar, edging up
to $1.3635 from $1.3611 late in New York, helped at the margins
by growing support for debt-laden Greece.
* In a bid to calm markets, French President Nicolas
Sarkozy promised Greece on Sunday that euro zone countries
would help it overcome its financial problems and vowed a crack
down on financial speculators Athens blames for its woes.
[ID:nLDE6260JZ]
* Oil rose more than 1 percent to hit a seven-week high on
Friday after a report showed the United States lost fewer jobs
than expected in February and on signals China will maintain
its economic stimulus measures. [O/R]
* World equities and oil jumped on Friday on signs of
revived consumer spending and after fears a stormy February
would worsen the U.S. jobs picture proved false, boosting
sentiment about the pivotal labour market. [MKTS/GLOB]
DATA EVENTS
* The following data is expected on Monday <ECON>
- Euro zone sentix index, March (0930 GMT)
- U.S. employment trend index for Feb (1500 GMT)
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Precious metals prices at 0040 GMT
Metal Last Change Pct chg YTD pct chg
Turnover
Spot Gold 1133.80 0.00 +0.00 3.48
Spot Silver 17.32 0.00 +0.00 2.91
Spot Platinum 1571.50 2.00 +0.13 7.12
Spot Palladium 472.75 1.75 +0.37 16.58
TOCOM Gold 3305.00 43.00 +1.32 1.41
34582
TOCOM Platinum 4553.00 50.00 +1.11 3.93
8075
TOCOM Silver 51.00 1.20 +2.41 -1.35
341
TOCOM Palladium 1369.00 47.00 +3.56 17.51
279
Euro/Dollar 1.3659
Dollar/Yen 90.38
TOCOM prices in yen per gram. Spot prices in $ per ounce.
(Reporting by Lewa Pardomuan; Editing by Himani Sarkar)