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PRECIOUS-Gold lingers near 2-month low, robust dollar weighs

Published 10/01/2019, 09:57 AM
Updated 10/01/2019, 10:00 AM
© Reuters.  PRECIOUS-Gold lingers near 2-month low, robust dollar weighs
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Oct 1 (Reuters) - Gold prices inched lower on Tuesday,
hovering near the two-month low hit in the previous session, as
uncertainties arising from the U.S.-China trade war bolstered
the dollar.

FUNDAMENTALS
* Spot gold XAU= was down 0.1% at $1,470.28 per ounce, at
0128 GMT. In the previous session, prices fell to their lowest
since Aug. 6 at $1,463.99.
* Spot gold had dipped about 1.6% on Monday.
* U.S. gold futures GCv1 were up 0.3% at $1,476.8 per
ounce.
* The dollar index .DXY against a basket of six major
currencies was near a more than two-year high, while global
share prices ticked up on Tuesday. USD/ MKTS/GLOB
* China on Monday warned of instability in international
markets from any "decoupling" of China and the United States,
after sources said the Trump administration was considering
delisting Chinese companies from U.S. stock exchanges.
* The U.S. House of Representatives' impeachment probe into
President Donald Trump intensified on Monday, as Trump raged
about the inquiry and news reports suggested he had used
additional diplomatic channels to go after his adversaries.
* Germany's leading economic institutes have lowered their
growth forecast for the economy for this year, sources told
Reuters on Monday, adding to fears that a recession among
export-driven manufacturers is spreading. * Finance minister Sajid Javid pledged on Monday to prepare
Britain for a no-deal Brexit, saying the "full armoury of
economic policy" would be on hand if needed. * European Central Bank (ECB) President Mario Draghi said in
an interview published on Monday the ECB still had ammunition to
use and added its extraordinary stimulus may need to continue
for a long time in the absence of support from fiscal policy.
* SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings fell 0.22% to 920.83
tonnes on Monday from 922.88 tonnes on Friday. AHEAD
0500 India IHS Markit Mfg PMI Sept
0600 UK Nationwide house price MM, YY Sept
0600 Russia Markit Mfg PMI Sept
0750 France Markit Mfg PMI Sept
0755 Germany Markit/BME Mfg PMI Sept
0800 EU Markit Mfg final PMI Sept
0830 UK Markit/CIPS Mfg PMI Sept
0900 EU HICP Flash YY, HICP-X F&E Flash YY Sept
1345 US Markit Mfg PMI Final Sept
1400 US ISM Manufacturing PMI Sept


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