gold ~ tocom report

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    TABLE-TOCOM gold snaps 6-day win streak on profit-taking





    TOKYO, May 23 (Reuters) - Tokyo gold futures <0#JAU:> broke a
    six-day winning streak on Friday, tumbling from 14-week highs as
    overnight losses in New York triggered a flurry of profit-taking,
    traders said.
    The benchmark April 2004 gold contract on the Tokyo
    Commodity Exchange (TOCOM) settled down 28 yen per gram at 1,372,
    surrendering nearly all of the previous two day's dramatic gains.
    Turnover of TOCOM gold was estimated at a heavy 179,399 lots
    or 179 tonnes, but was still a far cry from Thursday's 279,788
    lots.
    Profit-taking ahead of long weekends in New York and London
    robbed spot gold of early gains.
    The metal was fetching $365.10/80 an ounce at TOCOM's closing
    bell, down from a high of $370 in the early morning and
    $366.80/367.50 last quoted in New York.
    The threat of Japanese intervention in the currency market
    kept the dollar on an even keel. It was trading at 117.28/34 yen
    at 0630 GMT, against its late U.S. level of 117.21/29.
    Following are closing prices for TOCOM's most active precious
    metals contracts, along with the day's total turnover figures for
    each metal.
    Closing prices for all metals except silver are given in yen
    per gram. Silver's closing price is in yen per 10 grams.

    Closing price Turnover (lots)

    GOLD 1,372 (down 28) 179,399
    SILVER 175.3 (down 2.8) 7,656
    PLATINUM 2,272 (down 32) 51,198
    PALLADIUM 630 (down 44) 771

    The full Asian precious metals report can be seen by
    double-clicking on [GOL/].

 
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