Gold steadies on hopes of U.S.Oct 19 (Reuters) – Gold prices were steady near the key$1,900 per ounce level supportedby expectations of a new U.S.stimulus package before ElectionDay.* Spot gold was little changed at $1,900.21 per ounceby 0058 GMT.* U.S.gold futures were down 0.2% at $1,902.90.
* House differencesremained awide- package but that she wasoptimistic legislation could be pushed through before the Nov.3presidential election.
* Britain and the European Union will on Monday attempt tobreathe life into post-Brexit trade talks that appeared all butdead last week, with each side telling the other it needed tofundamentally change course.* Bank of Japan Governor Haruhiko Kuroda said on Sundaythere was no need to change the central bank’s inflation targetor forward guidance, even though the United States and Europeare reviewing their policy frameworks to seek better ways toprop up growth.
* Physical gold dealers in India continued to stock up lastweek ahead of an expected festival sales bump, while the GoldenWeek in top consumer China did little to revive bullion demand.* Holdings in SPDR Gold Trust , the world’s largestgold-backed exchange-traded fund, fell 0.27% to 1,272.56 tonneson Friday.* Speculators decreased their bullish positions in COMEXgold and silver contracts in the week to Oct.13, the U.S.Commodity Futures Trading Commission (CFTC) said on Friday.
* Silver rose 0.1% to $24.20 per ounce, platinum rose 0.2% to $862.09 and palladium rose 0.3% to$2,338.99.0200 China Industrial Output Sept 0200 China Urban Investment (YTD) Sept 0200 China Retail Sales Sept 1400 U.S.
NAHB Housing Market Index Oct 1545 Federal Reserve Vice Chair Richard Clarida speaks on “U.S.Economic Outlook and Monetary Policy” before virtual American Bankers Association Convention (Reporting by Eileen Soreng in Bengaluru; Editing by Amy CarenDaniel) 2020-10-19 03:21:56
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