Nov 25 (Reuters) - Gold prices edged up on Wednesday helped
by a weaker dollar, though a robust appetite for riskier assets
kept the safe-haven metal near a more than four-month low hit in
the previous session.
FUNDAMENTALS
* Spot gold XAU= rose 0.1% to $1,809.41 per ounce by 0124
GMT. Prices hit $1,800.01 on Tuesday, its lowest level since
July 17.
* U.S. gold futures GCv1 were up 0.2% at $1,807.60.
* The dollar index .DXY eased 0.1% against a basket of
currencies, making bullion cheaper to other currency holders.
* U.S. president-elect Joe Biden moved swiftly to make
Cabinet choices after defeating President Donald Trump, who gave
the go-ahead for Biden to start receiving daily intelligence
briefings, a sign he has all but accepted the result.
* Biden's formally approved transition and positive
developments around a possible COVID-19 vaccine sparked a rally
in U.S. equities with the Dow piercing the 30,000 level for the
first time on Tuesday. MKTS/GLOB
* Investors now await the FOMC's minutes from its last
meeting due at 1900 GMT for clues on the direction of monetary
policy.
* China's net gold imports via Hong Kong plunged about 84%
in October from September's six-month peak, marking their
steepest month-on-month decline since June, Hong Kong Census and
Statistics Department data showed on Tuesday.
* Holdings of the SPDR Gold Trust GLD , the world's largest
gold-backed exchange-traded fund, fell 1.1% to 1,199.74 tonnes
on Tuesday from 1,213.17 tonnes on Monday. * Silver XAG= rose 0.2% to $23.29 per ounce. Platinum
XPT= fell 0.2% to $959.64, while palladium XPD= eased 0.3%
to $2,340.61.
DATA AHEAD (GMT)
1330 US Oct. Durable Goods
1330 US Weekly Initial Jobless Clm
1500 US Nov. Consumption Adjusted MM
1500 US Nov. U Mich Sentiment Final
1500 US Oct. New Home Sales-Units
1900 US Federal Open Market Committee will release
minutes from its November 4-5 policy meeting