Oct 12 (Reuters) – Gold prices edged lower on Monday, after
hitting a three-week high earlier in the session, as the dollar
firmed and talks over a new U.S. stimulus package ran into
resistance.

FUNDAMENTALS

* Spot gold fell 0.2% to $1,925.29 per ounce by 0046
GMT, after hitting its highest level since Sept. 21 at $1,932.96
earlier in the session.

* U.S. gold futures were up 0.3% at $1,932.70.

* The dollar index was up 0.1% against rivals, making
gold more expensive for holders of other currencies. [USD/]

* The Trump administration on Sunday called on Congress to
pass a stripped-down coronavirus relief bill using leftover
funds from an expired small business loan program as
negotiations on a broader package ran into resistance.

* U.S. President Donald Trump said on Sunday he had fully
recovered from COVID-19 and was not an infection risk for
others.

* Britain will explore every avenue for a trade deal with
the European Union but progress to bridge significant gaps needs
to be made in the coming days, British Prime Minister Boris
Johnson told French President Emmanuel Macron on Saturday.

* Speculators increased their bullish positions in COMEX
gold and cut them in silver contracts in the week to Oct. 6, the
U.S. Commodity Futures Trading Commission (CFTC) said on Friday.

* Physical gold was sold at a premium in India last week for
the first time since mid-August as jewellers stocked up, hoping
key festivals would bring customers back to stores.

* Silver eased 0.4% to $25.02 per ounce, platinum
fell 1% to $876.80, and palladium was down 0.2% to
$2,435.35.

(Reporting by Eileen Soreng in Bengaluru; Editing by Rashmi
Aich)
(([email protected]; Within U.S. +1 646 223
8780, Outside U.S. +91 80 6749 6131; Reuters Messaging:
[email protected]))

Keywords: GLOBAL PRECIOUS/

The views and

* U.S. weekly jobless claims due at 1230 GMT

* Gold range-bound between $1,850-$2,070- analyst

* Interactive graphic tracking global spread of coronavirus:
https://graphics.reuters.com/world-coronavirus-tracker-and-maps

(Recasts, adds comment, updates prices)

By Sumita Layek

Oct 8 (Reuters) – Gold rose on Thursday on hopes of a
partial U.S. coronavirus stimulus deal to support the
virus-stricken economy, while investors awaited the weekly
jobless claims report from the world’s largest economy.

Spot gold rose 0.2% to $1,891.01 per ounce by 0929
GMT. U.S. gold futures were up 0.3% at $1,895.70.

“The short-term potential for additional stimulus and the
longer term prospect for a Joe Biden-Kamala Harris win, which
the market is viewing as inflationary, are thereby continuing to
support gold, given the increased demand for hedging against
future inflation,” said Saxo Bank analyst Ole Hansen.

Global stocks rose on hopes for the partial stimulus deal,
as President Donald Trump urged Congress to pass money for
airlines, small businesses, and stimulus checks for individuals
on Tuesday after abruptly calling off negotiations.
[MKTS/GLOB]

Bullion, considered a hedge against inflation and currency
debasement, has risen 24% this year following unprecedented
government and central bank stimulus worldwide to revive
economies.

Minutes from the U.S. Federal Reserve’s September meeting
offered no clear sense of the next steps to offset the
coronavirus recession. Many policymakers said their economic
outlook assumed additional fiscal support.

The focus is now on U.S. employment data due at 1230 GMT.
Jobless claims are predicted to decline, but continued claims
are likely to remain above 10 million.

“It seems investors are in a wait-and-see mode as they are
still hoping for new stimulus from central banks to help the
economy’s recovery,” ActivTrades chief analyst Carlo Alberto De
Casa said in a note.

“Bullion remains in a lateral trading range between $1,850
and $2,070, waiting for a

* Fed’s Sept. 15-16 policy meeting minutes due at 1800 GMT

* Potential of no election result in Nov will help gold
-analyst
Interactive graphic tracking global spread of coronavirus: https://graphics.reuters.com/world-coronavirus-tracker-and-maps/

(New throughout, adds comment, updates prices)

By Arundhati Sarkar

Oct 7 (Reuters) – Gold rose on Wednesday after concerns over
further U.S. stimulus to support the virus-hit economy waned,
with focus now on minutes from the U.S. Federal Reserve’s last
meeting for clues on the outlook of monetary policy.

Spot gold rose 0.4% to $1,884.46 per ounce by 10:34
am ET (1434 GMT). U.S. gold futures fell 1.3% to
$1,884.60 per ounce.

“President Trump’s retracement from “no stimulus
negotiation” to “unilateral relief measures” has helped support
gold prices despite the U.S. dollar only weakening slightly,”
said Jeff Klearman, portfolio manager at GraniteShares.

Gold prices had declined nearly 2% on Tuesday after U.S.
President Donald Trump announced a halt in additional stimulus
negotiations until after the Nov. 3 presidential election.

However, he later suggested new payroll assistance to U.S.
passenger airlines.

“Coronavirus-related demand destruction concerns are still
abound, meaning sooner or later, a fiscal stimulus package will
likely be passed and the Fed will continue its unprecedented
accommodative monetary policy,” Klearman said.

Investors now await minutes from Fed’s Sept. 15-16 policy
meeting at 1800 GMT. Fed Chair Jerome Powell on Tuesday called
for more help for businesses and households to keep a nascent
economic recovery from faltering.
“There is an anticipation about the level of inflation as a
result of stimulus … and that could be hedged by gold,” said
Jeffrey Sica, president and chief investment officer of Sica
Wealth Management.

He added “there will be a great potential of not having an
election result in November, which will help gold prices as a
flight to safety.”

Gold is seen

Sept 29 (Reuters) – Gold edged higher on Tuesday buoyed by a
softer dollar, with investors focusing on the first U.S.
presidential debate and progress on a new U.S. stimulus bill.

FUNDAMENTALS

* Spot gold rose 0.15% to $1,883.69 per ounce by 0058
GMT. Prices rose 1.1% in the previous session, its biggest
one-day gain since late August.

* U.S. gold futures were up 0.4% at $1,889.70.

* The dollar index was down 0.1% against rivals,
having recorded its biggest daily percentage drop in a month on
Monday. [USD/]

* A weaker dollar makes gold cheaper for holders of other
currencies.

* President Donald Trump and former Vice President Joe Biden
will square off in their first presidential debate later in the
day, with five weeks to go until the Nov. 3 general
election.

* U.S. House of Representatives Speaker Nancy Pelosi said on
Monday that Democratic lawmakers unveiled a new, $2.2 trillion
coronavirus relief bill, which she said was a compromise measure
that reduces the costs of the economic aid. She did not say when
there would be a vote on the latest proposal.

* The number of new COVID-19 cases in the United States has
risen for two weeks in a row in 27 out of 50 states, according
to a Reuters analysis, adding to concerns over its economic
fallout.

* The European Union and Britain both said a post-Brexit
deal was still some way off and differences persisted on Monday
over putting in place their earlier divorce deal as they began a
decisive week of talks in Brussels.

* Holdings in SPDR Gold Trust , the world’s largest
gold-backed exchange-traded fund, rose 0.16% to 1,268.89 tonnes
on Monday.

* Silver fell 0.1% to $23.68 per ounce, platinum
fell 0.2% to $880.56 and palladium gained 0.5% to
$2,265.25.