Tocom gold up on New York in light trade

06 Feb, 2004

Tokyo gold futures rose on Thursday on the back of firmer gold prices in New York, but trade was slow ahead of the Group of Seven (G7) finance ministers' meeting this week.
The benchmark December 2004 gold contract on the Tokyo Commodity Exchange settled up three yen at 1,357 yen, the day's low. The day's high was 1,360 yen.
Other months rose by five to six yen.
"TOCOM tracked New York which ended firmer," a Tokyo broker said.
G7 finance ministers and central bankers will meet in Florida on Friday and Saturday.
Total gold turnover was estimated at a light 42,803 lots, or about 42.8 tonnes, down from Wednesday's 77,667 lots.
In the spot market, bullion was fetching $400.25/1.00 an ounce at TOCOM's closing bell, little changed from $400.50/$401.25 last quoted in New York.
The dollar was fetching 105.45/5.50 yen at 0630 GMT, against 105.37/5.42 yen at about the same time on Wednesday.
Below are closing prices for TOCOM's most active precious metals contracts, with the day's turnover for each metal.

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