Gold prices were flat on Monday, after
jumping as much as 1.2% in the previous session, as cautious
investors focused on the U.S. Federal Reserve’s rate-hike path
following a mixed jobs data.
* Spot gold was unchanged at $1,611.48 per ounce, as
of 0148 GMT.
* U.S. gold futures were flat at $1,722.50.
* The Fed is seen sticking to sharp interest rate hikes in
coming months to cool inflation, but rising U.S. unemployment
and a slowdown in wage growth has traders betting that borrowing
costs next year may not end up quite as high as previously
* U.S. employers hired more workers than expected in August,
but moderate wage growth and a rise in the unemployment rate to
3.7% suggested the labor market was starting to loosen.
* Higher interest rates increase the opportunity cost of
holding the non-yielding bullion and boosts the dollar.
* The dollar index inched 0.1% lower having earlier
hit a 20-year peak.
* Stronger-than-expected platinum shipments to China in the
first half of the year spurred shortages elsewhere, as supply
declined from mines and recycling, the World Platinum Investment
Council said on Monday.
* Holdings of SPDR Gold Trust , the world’s largest
gold-backed exchange-traded fund, fell to 973.08 tonnes on
Friday from 973.37 tonnes on Thursday.
* Speculators cut net long position by 9,599 contracts to
20,726 in week to Aug. 30, while net short position increased in
COMEX silver, the U.S. Commodity Futures Trading Commission
(CFTC) said on Friday.
* Spot silver was steady at $18.03 per ounce,
platinum dipped 0.2% to $833.34 and palladium fell
0.3% to $2,015.81.
0145 China Caixin Services PMI
0500 India S&P Global Svcs PMI
0750 France S&P Global Svcs, Comp PMIs
0755 Germany S&P Global Svcs PMI
0755 Germany S&P Global Comp Final PMI
0800 EU S&P Global Serv, Comp Final PMIs
0830 UK Composite PMI Final
0830 UK Reserve Assets Total
(Reporting by Eileen Soreng in Bengaluru; Editing by Rashmi