Bangkok--20 Dec--UOB Bullion and Futures
The set50 Index December futures closed at 712.13 points decreased by 9.75 points from previous week.
Last week the market moved in the negative zone in response to the statistics on US economy and concern about credit problems in Europe.
This Morning Trend
U.S. stocks fell heavily on Friday due to the fact that euro-zone debt loads could stunt a global recovery.
Japan's Nikkei was flat as investors lacked strong trading incentives and volume because the year-end nears.
The last two weeks of the year are traditionally quiet, and therefore market moves are less meaningful to the overall market trend.
Gold rose more than half a percent on Monday with investors chasing the precious metal as the euro weakened against the dollar on concerns over euro zone debt and Ireland's bailout package.
Spot gold was at $1381.65 an ounce by 0042 GMT, but it was still well below an historical high around $1,430 hit earlier this month.
U.S. gold futures for February rose$3.4 an ounce to at $1,382.6 an ounce.
Gold Market Snapshot
Gold futures December contract in Thailand settled down THB 70 at THB 19,740 on the TFEX market with volume of 1318 50- baht contracts, and down THB 70 at THB 19700 on the TFEX market with volume of 665 10- baht contracts.
Gold rose more than half a percent on Monday with investors chasing the precious metal as the euro weakened against the dollar on concerns over euro zone debt and Ireland's bailout package.
Spot gold was at $1381.65 an ounce by 0042 GMT, but it was still well below an historical high around $1,430 hit earlier this month.
U.S. gold futures for February rose$3.4 an ounce to at $1,382.6 an ounce.