COMMODITIES DAYBOOK: Gold Declines as Asian Demand May Weaken

Gold fell in London as a stronger dollar and holidays in Asia may curb demand for the metal.

WHAT TO WATCH:
(ALL TIMES NEW YORK)
 8:30 a.m. USDA Red Meat Production
 8:30 a.m. Net Export Sales of Corn, Soy, Wheat, Cotton
10:00 a.m. American Petroleum Institute Monthly Report
 1:00 p.m. Baker Hughes Rig Count
 2:00 p.m. USDA Cattle, Hog Slaughter
 3:00 p.m. Cattle on Feed-Feedlots

TOP STORIES
-Gold Falls as Dollar’s Advance, Asian Holidays May Curb Demand
-Oil Trims Weekly Gain as Greek Risk Offsets U.S. Rebound Hopes
-Viterra Seeking Black Sea Grain Expansion as Food Trade Gains
-Roubini Says Global Risks That Sparked 2011 Volatility to Stay
-Corn Declines as Council Forecasts Record Global Production
-Korea Shipyards to Buy 12% Less Steel Plate as Slump Hits Posco
-China Manufacturing Contraction Boosts Case for Easing: Economy
-Gas Rout Not Over as BofA Sees Prices Below $2: Energy Markets
-Norilsk Nickel Plans to Trim Output in Russia in 2012, CEO Says
-U.S. Holds Military Talks on Iran as Europe Readies Bank Freeze

ON THE FRONT PAGES:
-Mozambique Floods Leave Three People Dead in South, TM Reports
-Gazprom CEO Miller May Leave Company Position, Vedomosti Says
-Japan Must End Power Monopolies After Fukushima, Edano Tells FT
-Japan May Make Utility Rate Increases Easier, Asahi Says

ECONOMIC DATA:
(ALL TIMES NEW YORK)
 7:00 a.m. Canada Consumer Price Index
10:00 a.m. U.S. Existing Home Sales

MARKETS
(5:45 a.m. NY Time):

                                   Last     Chg     %Chg
WTI Crude Oil                    $99.78   -0.61     -0.6
Gasoline                          $2.81  -0.001      0.0
Natural Gas                       $2.34  +0.013     +0.6
Copper                        $8,287.00  -78.00     -0.9
Gold                          $1,648.33  -10.02     -0.6
Wheat                             $6.06  +0.135     +2.3
Dollar Index                      80.28   +0.22     +0.3
MSCI All-Country Index           314.38   +0.62     +0.2

To contact the reporter responsible for this story: Grant Smith in London at Gsmith52@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net