BENGALURU, Dec 10 (Reuters) - Gold traded firm near a five-month
peak hit early on Monday, supported by a disappointing U.S. jobs data
that fuelled speculation that the Federal Reserve may stop raising
interest rates sooner than expected.
* Spot gold was steady at $1,247.80 per ounce, as of 0103 GMT,
after hitting its highest since July 11 at $1,250.55 earlier in the session.
* U.S. gold futures were up 0.2 percent at $1,254.6 per ounce.
* The dollar slipped against the yen and the euro, while stocks
extended their slump as worries over U.S.-China trade tensions
battered investor sentiment.
* Nonfarm payrolls increased by 155,000 jobs in November, while
economists polled by Reuters had forecast payrolls increasing by
* The U.S. central bank is flagging a turning point in monetary
policy, as a Fed policymaker on Friday backed interest rate hikes in
the "near term" but nodded to increasingly less certainty
* U.S.-China trade negotiations need to reach a successful end by
March 1 or new tariffs will be imposed, U.S. Trade Representative
Robert Lighthizer said on Sunday, clarifying there is a "hard
deadline" after a week of seeming confusion among President
Donald Trump and his advisers.
* China reported far weaker-than-expected November exports and
imports, showing slower global and domestic demand and raising the
possibility authorities will take more measures to keep the country's
growth rate from slipping too much.
* Theresa May will push ahead with a crucial vote on her European
Union exit deal, her Brexit minister said on Sunday, as senior
lawmakers in her own party piled pressure on the British prime
minister to go back to Brussels and seek a better offer.
* SPDR Gold Trust , the world's largest gold-backed
exchange-traded fund, said its holdings rose 0.20 percent to 759.73
tonnes on Friday.
* Gold was sold at a discount last week in India for the first
time in a month as a rebound in local prices prompted jewellers to
postpone purchases, while demand improved in top consumer China due to
* Production at Randgold's Loulo gold mine in Mali has been on
hold since Wednesday due to a dispute over pay, the head of the
industry and mines union SECNAMI told Reuters.
DATA AHEAD (GMT)
0700 Germany Trade data Oct
0930 UK GDP estimate Oct
0930 UK Industrial output Oct
0930 Euro zone Sentix index Dec
1500 U.S. Employment trends Nov
(Reporting by Eileen Soreng in Bengaluru; Editing by Subhranshu Sahu)
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