Gold prices held steady on Monday,
hovering near a more than three-week high scaled in the previous
session, helped by a weaker US dollar and lower bond yields.
* Spot gold held its ground at $1,755.59 per ounce,
as of 0053 GMT, after hitting its highest since July 6 at
$1,767.79 on Friday.
* US gold futures eased 0.2% to $1,779 per ounce.
* The dollar languished near three-week lows against
its rivals, making greenback-denominated gold less expensive for
other currency holders. Benchmark US 10-year Treasury yields
were hovering near a four-month low.
* Data showed US consumer spending increased more than
expected in June as Americans paid more for goods and services,
with monthly inflation surging by the most since 2005.
* India launched its first international bullion exchange on
Friday as the world’s second-biggest consumer of the precious
metal tries to bring transparency to the market for the precious
* Asian share markets got off to a slow start on Monday as
disappointing Chinese economic data fed doubts last week’s rally
on Wall Street could be sustained in the face of determined
policy tightening by global central banks.
* SPDR Gold Trust , the world’s largest gold-backed
exchange-traded fund, said its holdings rose 0.06% to 1,005.87
tonnes on Friday from 1,005.29 tonnes on Thursday.
* Physical gold buying eased last week in India as rupee
prices rose to a three-week high, while the likelihood of fresh
restrictions to tackle higher coronavirus cases clouded the
demand outlook in top consumer China.
* Spot silver fell 0.5% to $20.22 per ounce, platinum
was down 0.5% at $892.83, and palladium eased 0.2%
0145 China Caixin Mfg PMI Final July
0500 India S&P Global Mfg PMI July
0750 France S&P Global Mfg PMI July
0755 Germany S&P Global/BME Mfg PMI July
0800 EU S&P Global Mfg Final PMI July
0830 UK S&P GLBL/CIPS Mfg PMI July
0900 EU Unemployment Rate June
1345 US S&P Global Mfg PMI Final July
1400 US ISM Manufacturing PMI July
(Reporting by Brijesh Patel in Bengaluru; Editing by Subhranshu