Gold eases after 2 pct rise, platinum at 3-wk low
SINGAPORE, Nov 21 (Reuters) - Gold inched down on Friday after rising more than 2 percent in New York as the euro weakened against the dollar and equities markets extended losses on worries about a global recession.
-- Gold <XAU=> was trading at $743.35 an ounce, down $1.35 an ounce from its notional close in New York on Thursday, when it hit an intraday high of $751.60 an ounce as physical buying helped it defy selling in equities.
-- Japan's Nikkei slid 1.3 percent on Friday to a
three-week low, as a stronger yen and an overnight plunge in
U.S. stocks prompted investors to dump exporters such as Sony
Corp (6758.T). [.T]
-- The euro slipped to $1.2447 <EUR=> as investors sold risky assets such as stocks and commodities financed by loans denominated in the U.S. dollar. [USD/]
-- Platinum <XPT=> was trading at $761.50 an ounce, down $1.00 from New York's notional close. It dropped to a 3-week low of $759.00 in early trade on Friday on recession worries which threatened to cut demand for autocatalysts.
-- Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans. [ID:nN20421931]
-- New York gold futures GCZ8 fell $4.2 an ounce to $744.5. Precious metals prices at 0040 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 743.35 -1.75 -0.23 -10.73 Spot Silver 8.90 -0.05 -0.56 -39.74 Spot Platinum 761.50 -1.00 -0.13 -49.90 Spot Palladium 175.50 2.50 +1.45 -52.31 TOCOM Platinum 2321.00 -126.00 -5.15 -56.53 4700 TOCOM Silver 268.10 -15.30 -5.40 -50.44 199 TOCOM Palladium 544.00 -56.00 -9.33 -59.73 363 Euro/Dollar 1.2448 Dollar/Yen 93.99 TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices in $ per ounce. (Reporting by Lewa Pardomuan; Editing by Clarence Fernandez)
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