Gold edges up but risk-on sentiment limits gains
BENGALURU (Reuters) - Gold prices inched higher on Thursday amid concerns about global economic growth and a partial U.S. government shutdown, although a rebound in investor risk-appetite in the previous session limited gains. FUNDAMENTALS * Spot gold rose 0.4 percent to $1,271.85 per ounce by 0102 GMT.
BENGALURU (Reuters) - Gold prices inched higher on Thursday amid concerns about global economic growth and a partial U.S. government shutdown, although a rebound in investor risk-appetite in the previous session limited gains.
* Spot gold
* U.S. gold futures
* The dollar held its overnight gains versus its peers on Thursday, bolstered by a surge in U.S. stocks and rising treasury yields overnight. [USD/]
* The Dow Jones Industrial Average surged more than 1,000 points for the first time on Wednesday, leading a broad Wall Street rebound after a report that holiday sales were the strongest in years helped mollify concerns about the health of the economy. [MKTS/GLOB]
* Sales in the 2018 U.S. holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report on Wednesday, as shoppers were encouraged by a robust economy and early discounts.
* Kevin Hassett, chairman of the White House Council of Economic Advisers, said on Wednesday that U.S. Federal Reserve Chairman Jerome Powell's job was not in jeopardy. Just two days ago President Donald Trump described the Fed as the "only problem our economy has" as the central bank raises interest rates.
* A U.S. trade team will travel to Beijing the week of Jan. 7 to hold talks with Chinese officials, Bloomberg reported on Wednesday, citing two people familiar with the matter.
* Trump said on Wednesday he is prepared to wait as long as it takes to get $5 billion from taxpayers for his U.S.-Mexico border wall, a demand that has triggered a partial shutdown of the federal government that is now in its fifth day.
* Oil surged on Wednesday, posting its strongest daily gain in more than two years in a partial rebound from steep losses that pushed crude benchmarks to lows not seen since 2017. [O/R]
* SPDR Gold Trust
DATA AHEAD (GMT)
0130 China Sales Turnover Nov
1330 U.S. Initial Jobless Claims 22 Dec
1500 U.S. Consumer Confidence Dec
1500 U.S. New Home sales- Units Nov
(Reporting by Karthika Suresh Namboothiri in Bengaluru; editing by Richard Pullin)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Friday said he will continue to stand up against China's "coercive diplomacy" and its human rights abuses in Hong Kong and Xinjiang after being rebuked by Beijing for similar comments earlier this week. "We will stand up loudly and clearly for human rights all around the world, whether it is talking about the situation faced by the Uighurs, whether it is talking about the very concerning situation in Hong Kong, whether it's calling out China for its coercive diplomacy," Trudeau said in a news conference. (Reporting by Steve Scherer and Julie Gordon, Editing by Franklin Paul)
By Caroline Pailliez PARIS (Reuters) - Solene Tissot, a 19-year-old student in Paris, will obey the curfew imposed to fight COVID-19, but she has one request for her country's leaders: don't blame young people for the second wave of the virus. "There's been this kind of assigning guilt to young people," she said on Friday, hours before the new curfew was to come into force in Paris and major French cities. "I reject that." After a lull over the summer, the rates of transmission of coronavirus are going up in many parts of Europe and officials have identified social interactions between young people as a source of the resurgence.
By Adrian Portugal and Eloisa Lopez MANILA (Reuters) - Jailed Philippine activist Reina Mae Nasino wanted to hold her three-month-old daughter for the last time before she was laid to rest on Friday but she could not. Heavily armed prison officials guarding her refused to uncuff her despite pleas from her family and human rights supporters, who have decried what they described as inhumane treatment of Nasino and other mothers in Philippine jails.