Feb 10 (Reuters) - Gold prices edged up on Monday as rising
concerns over the new coronavirus and its impact on global
growth outweighed encouraging U.S. economic data and drove
purchases of the metal.
FUNDAMENTALS
* Spot gold XAU= was up 0.1% to $1,572.01 per ounce by
0100 GMT. U.S. gold futures GCv1 rose 0.3% to $1,577.50.
* An advance team of international experts led by the World
Health Organization has left for Beijing to help investigate
China's coronavirus epidemic, which has claimed more than 900
lives in mainland China, surpassing the death toll from the SARS
epidemic. * Asian shares fell on market fears over rising fatalities
due to the onset of coronavirus in China. MKTS/GLOB
* The dollar .DXY was near four-month highs after positive
U.S. non-farm payrolls data, while fears of the epidemic from
China put pressure on the greenback. USD/
* The U.S. Federal Reserve said that the U.S. economy slowed
last year on weak global growth, but key risks have receded and
the likelihood of recession has declined, although it recognised
possible risk of an economic downturn due to the fallout from
the coronavirus outbreak. * The coronavirus epidemic continued to stifle activity in
the physical gold markets in top bullion consumer China and Hong
Kong last week, while demand was mixed in other Asian hubs.
GOL/AS
* Hedge funds and money managers cut their bullish positions
in COMEX gold contracts in the week to Feb. 4. CFTC/
* Holdings of the world's largest gold-backed
exchange-traded fund SPDR Gold Trust GLD , rose 0.13% to 916.08
tonnes on Friday. GOL/ETF
* U.S. President Donald Trump will propose on Monday a 21%
cut in foreign aid and slashes to social safety net programs in
his $4.8 trillion budget proposal for fiscal 2021. * Canadian miner Banro is looking to sell its Namoya gold
mine in eastern Congo at a significant discount, its chairman
told Reuters on Friday, blaming the government's failure to
improve security in the area. * Palladium XPD= advanced 0.2% to $2,321.89 an ounce,
silver XAG= rose 0.2% to $17.71, and platinum XPT= edged
higher by 0.2% to $966.42.
DATA/EVENTS (GMT)
0130 China PPI, CPI YY Jan