BENGALURU, Dec 11 (Reuters) - Gold prices held steady early on
Tuesday, supported by hopes that the U.S. Federal Reserve could pause
its rate hike cycle sooner than previously thought, but a stronger
dollar amid Brexit worries weighed on the precious metal.
* Spot gold was steady at $1,244.71 per ounce, as of 0114 GMT.
* U.S. gold futures were little changed at $1,250.1 per ounce.
* The dollar index , which measures the greenback against a
basket of six major currencies, advanced 0.75 percent on Monday and
was back firmly above 97.00.
* British Prime Minister Theresa May on Monday postponed a
parliamentary vote on her Brexit deal to seek more concessions but the
European Union refused to renegotiate and lawmakers doubted her
chances of winning big changes.
* The Federal Reserve's plans to continue raising interest rates
next year were met with more skepticism on Wall Street on Monday, with
futures traders betting on a pause and one major bank partially
walking back a hawkish prediction.
* U.S. job openings rebounded in October, but hiring continued to
lag, suggesting a recent slowdown in job growth was most likely
because employers could not find qualified workers.
* The vice president of the European Commission warned the Italian
government on Monday there was little time left to change its
expansionary 2019 draft budget and avoid EU disciplinary procedure.
* Hedge funds and money managers trimmed their net short positions
in Comex gold and silver contracts in the week to Dec. 4, the U.S.
Commodity Futures Trading Commission (CFTC) said on Monday.
* The Governor of India's central bank, Urjit Patel, resigned
abruptly on Monday after a months-long tussle over policy with the
government that has raised concerns about the bank's independence as a
national election nears.
* India raised gold holdings by 5.6 tonnes to 592.06 tonnes in
2018 October, according to IMF Data.
* Ivory Coast plans to double gold production by 2025, its vice
president said on Monday, as the west African country strives to
revive its long-neglected mining sector.
DATA AHEAD (GMT)
1000 Germany ZEW economic sentiment Dec
1000 Euro zone ZEW survey expectations Dec
1100 U.S. NFIB business optimism Nov
(Reporting by Eileen Soreng in Bengaluru)
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