Friday in Singapore, bullion prices flat as the dollar lost ground against the euro on worries the US retail sales for February could show a drop in consumer spending,denting prospects of a sustainable economic recovery.


Spot gold hit an intraday high of $1,111.40 an ounce and was at $1,109.30 by 2:37 GMT, unchanged from New York's notional close on Thursday, when it hit a low of around $1,100, its weakest since January, 25.

Precious metal has lost over 7% since powering to a lifetime high above 1,200 an ounce in December last year and is heading for a weekly decline of more than 2%, marking the biggest weekly drop since mid-January.

US gold futures for April delivery GCJ0 rose by $1 an ounce to $1,109.2 after ending slightly higher on Thursday despite worries that possible monetary tightening by China could weigh on bullion.

The SPDR Gold Trust reported its holdings to flat at 1,115.511 tonnes as of March 11, unchanged from the previous business day.


As for the other precious metals, silver, platinum and palladium extended their losses after being hit by fund selling following the release of strong consumer inflation data from China that triggered worries about monetary tightening.


The iShares Silver Trust reported its holdings to drop by 48.82 tonnes from the previous business day to 9,302.58 tonnes as of March 11.

Around 2:37 GMT the precious metals was quoted as much as:

Metal Last Change Pct chg YTD pct chg Turnover
Spot Gold 1109.30 0.00 +0.00 1.24
Spot Silver 17.11 -0.05 -0.29 1.66
Spot Platinum 1598.75 -10.75 -0.67 8.98
Spot Palladium 456.25 -1.75 -0.38 12.52
TOCOM Gold 3241.00 12.00 +0.37 -0.55 26403
TOCOM Platinum 4649.00 56.00 +1.22 6.12 11530
TOCOM Silver 50.20 0.60 +1.21 -2.90 206
TOCOM Palladium 1328.00 27.00 +2.08 13.99 392

TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices are in $ per ounce.