July 26 (Reuters) - Gold prices rebounded on Friday from a
sharp decline in the previous session, while investors awaited
U.S. economic growth data due later in the day that could
provide clues about the Federal Reserve's monetary policy
meeting.
FUNDAMENTALS
* Spot gold XAU= was up 0.2% at $1,417.55 per ounce, as of
0130 GMT.
* The metal has lost 0.5% so far this week, putting it on
track for its first weekly decline in three.
* U.S. gold futures GCv1 edged 0.2% higher to $1,417.10 an
ounce.
* Gold fell on Thursday after data showed that weekly U.S.
jobless claims number fell to a three-month low last week,
pointing to strength in the labor market, while new orders for
key U.S.-made capital goods surged 1.9 % in June. * Market participants are now looking ahead to the U.S.
central bank's July 30-31 monetary policy meeting where it is
expected to trim its interest rate by at least 25 basis points.
* Meanwhile, against a basket of six major currencies, the
dollar index .DXY was relatively unchanged after hitting a
two-month high in the previous session. USD/
* U.S. Treasury yields following rosier-than-expected
economic sentiment from the European Central Bank. US/
* The ECB signalled its intention to explore monetary
easing, but left interest rates unchanged, and bank President
Mario Draghi struck a more upbeat tone on the economy than
investors expected. * Britain has started sending a warship to accompany all
British-flagged vessels through the Strait of Hormuz, a change
in policy announced on Thursday after the government previously
said it did not have resources to do so. * U.S. Secretary of State Mike Pompeo said in a television
interview on Thursday that he would go to Iran for talks if it
was necessary, amid the tensions between Tehran and Washington.
* SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings fell 0.36% to 819.32
tonnes on Thursday from 822.25 tonnes on Wednesday. GOL/ETF
DATA AHEAD
* 1030 Russia Central Bank Key Rate July
* 1230 US GDP Advance Q2