economy unexpectedly contracted in the second quarter, raising risks of an economic slowdown, which lifted gold's safe-haven allure and helped bullion prices gain more than 1% on Thursday.
* Gold is on track for its best week since mid-May, with prices up 1.6% so far. gold futures edged up 0.1% to $1,752.70 per ounce. However, bullion is unlikely to stave off a fourth straight monthly decline, its worst run of losses since November 2020. FUNDAMENTALS * Spot gold was flat at $1,755.59 per ounce, as of 0045 GMT. * Palladium rose 0.4% to $2,086.02, and is set for its best month since January, having gained 7.7% so far. * Higher rates and bond yields increase the opportunity cost of holding non-interest bearing gold.
* Spot silver firmed 0.2% to $20.01 per ounce, and platinum gained 0.2% to $889.81, but both face monthly losses. * Despite some day-to-day volatility, the dollar has spent most of July hovering around 20-year highs, hammering demand for greenback-priced gold among other currency holders.
* The U.S. July 29 (Reuters) - Gold prices were flat on Friday and poised for a fourth consecutive monthly drop, as an elevated U.S.
dollar and aggressive monetary policies from top central banks continued to erode demand for bullion. Federal Reserve on Wednesday hiked interest rates by three-quarters of a percentage point for the second straight meeting as it attempts to fight soaring inflation. DATA/EVENTS (GMT) 0530 France GDP Preliminary QQ Q2 0645 France CPI (EU Norm) Prelim YY July 0755 Germany Unemployment Chng, Rate SA July 0800 Germany GDP Flash QQ SA, YY NSA Q2 0900 EU HICP Flash YY July 0900 EU HICP-X F&E Flash YY July 0900 EU GDP Flash Prelim YY, QQ Q2 1230 US Consumption, Adjusted MM June 1400 US U Mich Sentiment Final July (Reporting by Bharat Govind Gautam in Bengaluru; Editing by Sherry Jacob-Phillips)
Nov 30 (Reuters) - Gold prices were little changed on Wednesday, with investors largely focusing on Federal Reserve Chair Jerome Powell's speech for insights into the U.S.
central bank's monetary policy path.
Oct 31 (Reuters) - Prices of non-ferrous metals broadly fell on Monday, pulled down by a stronger U.S.
dollar and fresh coronavirus cases in top consumer China, sparking fears of softening demand for metals.
* Ukraine's grain exports in the 2022/23 season, which runs through to June, are down 28.7% at 29.2 million tonnes so far, due to a smaller harvest and logistical difficulties caused by the Russian invasion, agriculture ministry data showed on Monday.
Prices of copper, often used as an indicator of global economic health, have recouped nearly 16% from a 20-month low touched in mid-July, but are down 17% so far this year.
* World stocks tumbled for a third straight session on Tuesday as investors worried about continued U.S.
and European interest rate hikes, after data pointed to persistent inflation in both regions despite central banks' policy tightening so far.
* Ukraine is keeping its forecast of the winter wheat sowing area for the 2023 harvest unchanged at 3.8 million hectares despite a delay caused by unfavourable weather, deputy agriculture minister Taras Vysotskiy told Reuters on Tuesday.
Feb 24 (Reuters) - Gold prices edged up on Friday as the U.S.
dollar softened, while traders awaited economic data due later in the day to gauge the Federal Reserve's rate-hike stance.
* Argentine soybean farmers registered 268,000 tonnes of sales during the last week of August, according to agriculture ministry data released on Tuesday, as the country expects the pace of sales to increase as new incentives kick in.
Three-month copper on the London Metal Exchange was up 0.2% at $8,052 a tonne, as of 0228 GMT, while the most-traded September copper contract on the Shanghai Futures Exchange lost 0.7% to 62,910 yuan ($9,178.72) a tonne.
Feb 24 (Reuters) - Copper prices in London rose slightly on Friday, as mining supply disruptions across the globe worsened with the suspension of ore processing at a key mine in Panama.
SINGAPORE, Nov 15 (Reuters) - Chicago wheat futures rose on Tuesday as strong global export demand underpinned the market, while traders continued to monitor prospects for the renewal of an export corridor deal between Russia and Ukraine.
July 29 (Reuters) - London copper prices slipped from a three-week high on Friday and were on track for their fourth straight monthly decline, as growing recession fears and an elevated U.S.
dollar sapped demand for the metal.
* Copper prices are expected to rebound further in the coming months after heavy losses, a Reuters poll showed, as China unleashes more infrastructure spending and other stimulus for the economy.
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* Gold is on track for its best week since mid-May, with prices up 1.6% so far. gold futures edged up 0.1% to $1,752.70 per ounce. However, bullion is unlikely to stave off a fourth straight monthly decline, its worst run of losses since November 2020. FUNDAMENTALS * Spot gold was flat at $1,755.59 per ounce, as of 0045 GMT. * Palladium rose 0.4% to $2,086.02, and is set for its best month since January, having gained 7.7% so far. * Higher rates and bond yields increase the opportunity cost of holding non-interest bearing gold.
* Spot silver firmed 0.2% to $20.01 per ounce, and platinum gained 0.2% to $889.81, but both face monthly losses. * Despite some day-to-day volatility, the dollar has spent most of July hovering around 20-year highs, hammering demand for greenback-priced gold among other currency holders.
* The U.S. July 29 (Reuters) - Gold prices were flat on Friday and poised for a fourth consecutive monthly drop, as an elevated U.S.
dollar and aggressive monetary policies from top central banks continued to erode demand for bullion. Federal Reserve on Wednesday hiked interest rates by three-quarters of a percentage point for the second straight meeting as it attempts to fight soaring inflation. DATA/EVENTS (GMT) 0530 France GDP Preliminary QQ Q2 0645 France CPI (EU Norm) Prelim YY July 0755 Germany Unemployment Chng, Rate SA July 0800 Germany GDP Flash QQ SA, YY NSA Q2 0900 EU HICP Flash YY July 0900 EU HICP-X F&E Flash YY July 0900 EU GDP Flash Prelim YY, QQ Q2 1230 US Consumption, Adjusted MM June 1400 US U Mich Sentiment Final July (Reporting by Bharat Govind Gautam in Bengaluru; Editing by Sherry Jacob-Phillips)
Nov 30 (Reuters) - Gold prices were little changed on Wednesday, with investors largely focusing on Federal Reserve Chair Jerome Powell's speech for insights into the U.S.
central bank's monetary policy path.
Oct 31 (Reuters) - Prices of non-ferrous metals broadly fell on Monday, pulled down by a stronger U.S.
dollar and fresh coronavirus cases in top consumer China, sparking fears of softening demand for metals.
* Ukraine's grain exports in the 2022/23 season, which runs through to June, are down 28.7% at 29.2 million tonnes so far, due to a smaller harvest and logistical difficulties caused by the Russian invasion, agriculture ministry data showed on Monday.
Prices of copper, often used as an indicator of global economic health, have recouped nearly 16% from a 20-month low touched in mid-July, but are down 17% so far this year.
* World stocks tumbled for a third straight session on Tuesday as investors worried about continued U.S.
and European interest rate hikes, after data pointed to persistent inflation in both regions despite central banks' policy tightening so far.
* Ukraine is keeping its forecast of the winter wheat sowing area for the 2023 harvest unchanged at 3.8 million hectares despite a delay caused by unfavourable weather, deputy agriculture minister Taras Vysotskiy told Reuters on Tuesday.
Feb 24 (Reuters) - Gold prices edged up on Friday as the U.S.
dollar softened, while traders awaited economic data due later in the day to gauge the Federal Reserve's rate-hike stance.
* Argentine soybean farmers registered 268,000 tonnes of sales during the last week of August, according to agriculture ministry data released on Tuesday, as the country expects the pace of sales to increase as new incentives kick in.
Three-month copper on the London Metal Exchange was up 0.2% at $8,052 a tonne, as of 0228 GMT, while the most-traded September copper contract on the Shanghai Futures Exchange lost 0.7% to 62,910 yuan ($9,178.72) a tonne.
Feb 24 (Reuters) - Copper prices in London rose slightly on Friday, as mining supply disruptions across the globe worsened with the suspension of ore processing at a key mine in Panama.
SINGAPORE, Nov 15 (Reuters) - Chicago wheat futures rose on Tuesday as strong global export demand underpinned the market, while traders continued to monitor prospects for the renewal of an export corridor deal between Russia and Ukraine.
July 29 (Reuters) - London copper prices slipped from a three-week high on Friday and were on track for their fourth straight monthly decline, as growing recession fears and an elevated U.S.
dollar sapped demand for the metal.
* Copper prices are expected to rebound further in the coming months after heavy losses, a Reuters poll showed, as China unleashes more infrastructure spending and other stimulus for the economy.
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