Aug 19 (Reuters) - Gold prices dipped on Monday on a
stronger U.S. dollar and a recovery in equities markets, as
hopes of stimulus from major central banks eased fears of a
steep global economic downturn.
FUNDAMENTALS
* Spot gold XAU= was down 0.5% at $1,506 per ounce at 0114
GMT.
* U.S. gold futures GCcv1 fell 0.4% to $1,517.60 an ounce.
* The dollar index .DXY , against a basket of six major
currencies, hovered near a two-week high reached on Friday.
USD/
* MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS gained 0.25%.
* Wall Street shares rebounded on Friday after a report
stated that Germany's government would be prepared to take on
new debt and launch stimulus steps to counter a possible
recession. MKTS/GLOB
* On Saturday, China's central bank unveiled a key interest
rate reform to help drive borrowing costs lower for companies,
and support a slowing economy. * Investors are awaiting the Federal Reserve's Jackson Hole
symposium this week. Traders see about a 69% percent chance of a
25 basis-point cut in September. FEDWATCH
* SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings fell 0.10% to 843.41
tonnes on Friday. GOL/ETF
* Hedge funds and money managers trimmed their bullish
stance in COMEX gold and cut net long positions in silver
contracts in the week to Aug. 13, the U.S. Commodity Futures
Trading Commission (CFTC) said on Friday. * Last week, high prices prompted Asian consumers to sell
back physical gold to lock in profits. DATA AHEAD (GMT)
* 0900 EU HICP Final MM, YY July