Oct 15 (Reuters) - Gold prices fell on Thursday, weighed by
a steady dollar and fading chances of a new U.S. fiscal stimulus
package being finalised before the November elections.
FUNDAMENTALS
* Spot gold XAU= fell 0.4% to $1,893.17 per ounce by 0108
GMT.
* U.S. gold futures GCv1 were steady at $1,896.60.
* The dollar index .DXY drew support from rising
coronavirus cases and scant progress towards the U.S. stimulus
deal. USD/
* U.S. Treasury Secretary Steve Mnuchin said he and House of
Representatives Speaker Nancy Pelosi were "far apart" on another
coronavirus economic relief package, and that a deal would be
hard to reach before the Nov. 3 elections. * With surging cases, European nations are closing schools,
cancelling surgeries and enlisting student medics as overwhelmed
authorities face the nightmare scenario of a COVID-19 resurgence
at the onset of winter. * The European Union and Britain are set to prolong Brexit
talks past a mid-October deadline to try bridge stubborn gaps
holding up a new trade agreement, according to sources and
documents. * The world's mines will produce 3,368 tonnes of gold this
year, down 4.6% from 2019 and the lowest in 5 years, but high
bullion prices will help to push up output by 8.8% to a record
3,664 tonnes in 2021, consultancy Metals Focus said on
Wednesday. * Silver XAG= fell 1% to $24.05 per ounce, platinum XPT=
eased 0.3% to $854.59 per ounce, and palladium XPD= was down
0.1% at $2,342.83.
DATA/EVENTS (GMT)
0130 China PPI, CPI YY Sept
0645 France CPI (EU Norm) Final MM, YY Sept
1000 EU Reserve Assets Total Sept
1230 US Inital Jobless Clm Weekly
1230 US Philly Fed Business Indx Oct
1600 Participation by ECB President Christine Lagarde in
the online CNBC Debate on the global economy during the IMF/
World Bank Annual Meetings