Niaga Emas Johor - ( 17/1/2011 ) - PRECIOUS-Gold rebounds from sharp fall after China move

Salam ,

http://www.bnm.gov.my/statistics/exchangerates.php 

Ringgit Foreign Exchange Rates 

1 U.S. Dollar/ Ringgit Malaysia Buying:3.0540 Selling:3.0571 Middle Rate:3.0556

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http://www.lbma.org.uk/pages/index.cfm 

L
ondon Gold Fixing - ( Update 15:23 - 14/1 ) USD /oz : AM = 1369.25 PM = 1367.00
1 troy ounce = 31.1034768 grams

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http://www.reuters.com/article/idUSL3E7CH00U20110117 

PRECIOUS-Gold rebounds from sharp fall after China move 

Sun Jan 16, 2011 7:42pm EST SINGAPORE, Jan 17 (Reuters) - Gold rebounded slightly on Monday from a one-percent fall in the previous session, after China further tightened its monetary policy to curb inflation, and holdings in the gold-backed exchange-traded fund continued falling.

FUNDAMENTALS 

* Spot gold gained 0.2 percent at $1,363.05 an ounce by 0022 GMT, after falling to a one-week low of $1,354.99 in the previous session.

* U.S. gold futures fell 1.8 percent to $1,362.3.

* China's central bank raised lenders' required reserves on Friday for the fourth time in just over two months, stepping up the fight against inflation it has vowed will be a top priority for the year. * The euro zone faces short-term price pressures which may linger, the European Central Bank said on Thursday, showing it could raise interest rates to contain inflation even while the bloc is gripped by a debt crisis.

* The U.S. economy still needs support from the Federal Reserve, even if growth prospects appear firmer, top Fed officials said on Friday.

* Holdings in the SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell to 1,259.325 tonnes by Jan 14 from 1,265.093 tonnes on Jan 13. They had fallen about one percent over the past week.


MARKET NEWS 

* The S&P 500 ended a seventh straight week of gains with a bank-led rally amid healthy volume after encouraging financial results from JPMorgan.

* The dollar index was steady on Monday, after falling to a two-week low on Friday on disappointing U.S.consumer sentiment data.

DATA/EVENTS 

- Japan Consumer confid. index

- OPEC Monthly Report - U.S. market holiday

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> Germany to hike 2011 growth forecast-paper > UK factory gate inflation speeds up

Terima Kasih,