Nov 30 (Reuters) - Gold slipped on Monday as upbeat equities
fuelled by optimism over a coronavirus vaccine-led economic
rebound offset a weaker dollar, putting the bullion on course
for its worst month in four years.
FUNDAMENTALS
* Spot gold XAU= fell 0.3% to $1,782.72 per ounce by 0049
GMT. U.S. gold futures GCv1 was down 0.1% at $1,778.10.
* Gold is down 5.1% in November, as growing optimism over a
COVID-19 vaccine and greater U.S. political stability under Joe
Biden's incoming administration sparked a sell-off in the metal
and favoured traditionally riskier assets.
* Vaccine optimism and bets for more monetary easing ahead
of testimony in Congress from U.S. Federal Reserve Chairman
Jerome Powell this week, helped to push the dollar to a more
than two-year low and boosted world shares. USD/ MKTS/GLOB
* U.S. health authorities will hold an emergency meeting to
recommend a coronavirus vaccine for healthcare professionals and
people in long-term care facilities, while Britain is set to
approve BioNTech SE 22UAy.DE and Pfizer Inc's PFE.N COVID-19
vaccine. * Although U.S. President Donald Trump pledged to continue
his legal fight to overturn the Nov. 3 election results, his
comments in a Fox News telephone interview suggested he was
growing resigned to his Democratic opponent moving into the
White House on Jan. 20. * Face-to-face negotiations between the UK and the European
Union over a trade deal restarted on Saturday, in a last-ditch
attempt to find agreement with just five weeks to go before
their current relationship ends. * Gold is used as a hedge against inflation, political and
economic uncertainties.
* Physical gold demand in India remained healthy as a drop
in prices to a near five-month low encouraged retail consumers
and jewellers to raise purchases amid wedding season.
* Silver XAG= fell 0.9% to $22.50 per ounce, while
platinum XPT= rose 0.1% to $964.71 and palladium XPD= was up
0.1% at $2,426.31.
DATA/EVENTS (GMT)
1300 Germany Nov. CPI Prelim YY