PRECIOUS-Gold edges down, U.S. fiscal talks in focus

Reuters Middle East

SINGAPORE, Dec 27 (Reuters) - Gold inched down on Thursday,

giving up overnight gains in thin post-Christmas trade, with

investors keeping a close eye on talks between the White House

and Congress to prevent the U.S. economy from plunging into

recession next year.


* Spot gold had dropped $2.83 an ounce to $1,656.66

by 0025 GMT, but still off a 4-month low struck last week.

* U.S. gold for February slipped $3.10 an ounce to


* In a sign that there may be a way through deadlock in

Congress, Republican House of Representatives Speaker John

Boehner urged the Democrat-controlled Senate to act to pull back

from the so-called fiscal cliff and offered to at least consider

any bill the upper chamber produced.

* For the top stories on metals and other news, click

, or


* Asian shares were capped on Thursday on investor edginess

about the chances of U.S. lawmakers striking a deal to avoid a

fiscal crunch by Dec. 31, while the yen stayed under pressure on

the prospect of drastic monetary easing and massive fiscal


* U.S. crude futures remained close to $91 a barrel on



0500 Japan Construction orders yy Nov 2012

1330 U.S. Jobless claims Weekly

1500 U.S. New home sales Nov

2300 S.Korea Industrial output yy Nov 2012

2313 Japan Manufacturing PMI Dec 2012

2330 Japan CPI, core nationwide yy Nov 2012

2350 Japan Industrial output prelim mm Nov 2012

2350 Japan IP forecast 1 mth ahead Nov 2012

N/A Russia HSBC Mfg PMI Dec 2012


Precious metals prices 0025 GMT

Metal Last Change Pct chg YTD pct chg Volume

Spot Gold 1656.66 -2.83 -0.17 5.94

Spot Silver 29.99 0.02 +0.07 8.31

Spot Platinum 1533.92 0.87 +0.06 10.12

Spot Palladium 687.97 -1.54 -0.22 5.44

COMEX GOLD FEB3 1657.60 -3.10 -0.19 5.80 2331

COMEX SILVER MAR3 30.05 0.01 +0.03 7.63 149

Euro/Dollar 1.3232

Dollar/Yen 85.65

(Reporting by Lewa Pardomuan; Editing by Joseph Radford)

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes