SINGAPORE, Aug 13 (Reuters) - Spot gold was flat on Friday, consolidating after a rally the previous session driven by an unexpected jump in U.S. jobless benefits claims.
FUNDAMENTALS
U.S. first-time jobless benefits claims unexpectedly rose to their highest in almost six months, fueling fresh concerns of a faltering economic recovery, spurring safe-haven demand that bolstered gold and the dollar. [ID:nN1274714]
Spot gold rose 90 cents to $1,212.20 an ounce by 0015 GMT, just off the high of $1,215.25 hit the previous day, its strongest since July 15.
U.S. gold futures edged down $2.20 to $1,214.50 an ounce, after rising by 1.5 percent on Thursday, its strongest one-day gain since June 7.
MARKETS
The dollar index <.DXY> was off 0.1 percent on Friday at 82.557, after rising 0.4 percent on Thursday. It remains well short of the July 21 peak of 83.451. [USD/]
Japan's Nikkei was flat on Friday after the poor U.S. data and a sobering revenue outlook from Cisco sent U.S. stocks lower for a third straight day on Thursday. [.N][.T]
Oil slid 3 percent on Thursday, marking its steepest three-day decline since mid-May on fears that a hoped-for economic recovery was unravelling. [O/R] DATA EVENTS (GMT) Germany GDP flash yy Q2 0600GMT EZ Eurostat trade, EUR Jun 0900GMT OPEC OPEC Monthly Report Aug [OPEC/M] 1000GMT India M3 Money Supply 1130GMT U.S. Consumer prices yy Jun 1230GMT U.S. Real earnings Jul 1230GMT U.S. Retail sales Jul 1230GMT U.S. Michigan sentiment index Aug-P 1355GMT U.S. Business Inventories mm May 1400GMT U.S. ECRI index Wkly 1430GMT RELATED NEWS > Grains, beans, sugar, cotton soar on Aug USDA data [nN12121618] > Stocks slip, dollar gains on global growth worry [nN12139148] > U.S. jobless claims rise highlights economy's ills [nN1274714] > Bolivia moves to end protests hitting silver mines [nN12136460] > Venezuela raises export quota for gold miners [nN12113998] > Shares of gold miners rise as gold price rallies [nN12109462] > Impala sees up to 25 pct decline in FY headline EPS[nLDE67B1NB] Precious metals prices at 0015 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 1212.10 0.90 +0.07 10.62 Spot Silver 18.07 0.05 +0.28 7.37 Spot Platinum 1520.25 -5.25 -0.34 3.63 Spot Palladium 466.75 -0.25 -0.05 15.10 TOCOM Gold 3365.00 66.00 +2.00 3.25 18186 TOCOM Platinum 4240.00 79.00 +1.90 -3.22 5129 TOCOM Silver 50.90 1.10 +2.21 -1.55 127 TOCOM Palladium 1301.00 30.00 +2.36 11.67 58 Euro/Dollar 1.2834 Dollar/Yen 86.07 TOCOM prices in yen per gram. Spot prices in $ per ounce. (Reporting by Michael Urquhart; Editing by Muralikumar Anantharaman)
