PRECIOUS-Gold steady as risk aversion offsets dollar strength

Published 2015-11-16, 08:10 p/m
PRECIOUS-Gold steady as risk aversion offsets dollar strength
XAU/USD
-
GC
-

MELBOURNE, Nov 17 (Reuters) - Gold held steady on Tuesday as
lingering caution in the aftermath of the Paris attacks offset
the impact of a firmer U.S. dollar, which rose on prospects of a
December rate rise.

FUNDAMENTALS
* Spot gold XAU= edged up $1.15 or 0.1 percent to
$1,083.50 an ounce by 0055 GMT.
* U.S. gold GCcv1 was also up 0.1 percent at $1,083.71.
* French President Francois Hollande called on the United
States and Russia on Monday to join a global coalition to
destroy Islamic State following the attacks across Paris, and
announced a wave of measures to combat terrorism in France.
urn:newsml:reuters.com:*:nL8N13B1NP
* The leaders of the world's largest economies stuck to a
goal of lifting their collective output by an extra 2 percent by
2018, even though growth remains uneven and weaker than expected
globally, they said in a statement on Monday. urn:newsml:reuters.com:*:nL1N13B1IN
* The dollar rose sharply on Monday, as markets were
unshaken by the weekend attacks in Paris, and investors continue
to expect an interest rate hike from the Federal Reserve. USD/
* Euro zone inflation was revised up to 0.1 percent in
October, the EU's statistics agency said on Monday, pushed into
positive territory by price increases for fruit and vegetables.
urn:newsml:reuters.com:*:nB5N10A00N
* For the top stories on metals and other news, click
TOP/MTL or GOL

MARKET NEWS
* Asian stocks gained early on Tuesday, taking heart after
seeing Wall Street take the attacks in Paris in stride and surge
overnight, while expectations for a rate hike by the Federal
Reserve in December kept the dollar on a bullish footing.
MKTS/GLOB
DATA AHEAD (GMT)
1000 Germany ZEW economic sentiment Nov
1330 U.S. Consumer prices Oct
1415 U.S. Industrial output Oct
1500 U.S. NAHB housing market index Nov


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