Gold rebounded on Tuesday but trading was cautious ahead of the release of a series of US data later this week. Tokyo futures tracked declines in New York's COMEX market.
Spot gold rose to $651.20/651.90 an ounce from $650.80/651.40 late in New York on Monday, when it dropped nearly $3 on weaker oil prices and a lack of physical buying ahead of the data.
Key April 2008 gold futures on the Tokyo Commodity Exchange fell 17 yen per gram to 2,610 yen. The market awaits home sales and consumer confidence reports due on Tuesday, durable goods orders data on Wednesday, a gross domestic product report and the Federal Reserve's rate-setting decision on Thursday. Personal income data is to be released on Friday.
The euro hardly changed at $1.3459. Platinum rose to $1,285/1,290 an ounce from $1,280/1,284 an ounce late in New York. Key platinum futures on TOCOM, currently April 2008, dropped 40 yen per gram to 5,070 yen, having reached a record high of 5,117 yen on Monday due to supply concerns in South Africa. Silver edged up to $12.87/12.90 an ounce from $12.845/12.875 late in New York on Monday, when it fell to its lowest in nearly two weeks at $12.80.
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