SINGAPORE, April 1 (Reuters) - Gold was little changed below
$1,600 an ounce on Monday as the euro weakened on persistent
worries about ripples from the debt crisis in Cyprus, while
safe-haven buying has remained passive despite ongoing tension
in the Korean Peninsula.
Investors were awaiting the release of China's official
manufacturing PMI. Factory activity index for March is forecast
to hit an 11-month high, which could fuel a strong
second-quarter start for industrial commodities after most fell
in the first three months.
* Gold was steady at $1,598.00 an ounce by 0030 GMT,
having ended the quarter down around 4 percent after stock
markets surged and the euro stayed weak against the dollar.
* U.S. gold was at $1,598.80 an ounce, up $3.10.
* Major depositors in Cyprus's biggest bank will lose around
60 percent of savings over 100,000 euros, its central bank
confirmed on Saturday, sharpening the terms of a bailout that
has shaken European banks but saved the island from
* The United States sent F-22 stealth fighter jets to South
Korea on Sunday to join military drills aimed at underscoring
the U.S. commitment to defend Seoul in the face of an
intensifying campaign of threats from North Korea.
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* Asian shares were steady on Monday but trading remained
subdued with some Asian markets, including Australia and Hong
Kong, and Europe still closed for Easter holidays.
* The euro hovered near a four-month lows on worries that
losses suffered by Cypriot depositors may unnerve investors in
other euro zone debt and on Italian political woes, but market
participants also said the single currency seems to have found a
bottom for now.
0100 China Official manufacturing PMI
0145 China HSBC final manufacturing PMI
1400 U.S. Construction spending
1400 U.S. ISM manufacturing index