March 14 (Reuters) - Gold held close to two-week highs on
Thursday as the U.S. dollar eased after British lawmakers rejected a
no-deal Brexit in any scenario and as tepid U.S. inflation data
reduced the chance of future U.S. interest rate hikes.
* Spot gold was down 0.1 percent at $1,307.53 per ounce by 0110
GMT, after touching its highest since March 1 at $1,311.07 in the
* U.S. gold futures were also down 0.1 percent at $1,308 an ounce.
* The dollar was down for a fifth straight session against
* Asian shares paused on Thursday as investors waited for data
from China for clues about the health of the world's second largest
economy, while the pound shot up to near nine-month highs as the risk
of a no-deal Brexit receded following a late-night vote.
* The British parliament on Wednesday rejected leaving the
European Union without a deal, further weakening Prime Minister
Theresa May and paving the way for a vote that could delay Brexit
until at least the end of June.
* U.S. producer prices barely rose in February, resulting in the
smallest annual increase in more than 1-1/2 years, in the latest sign
of benign inflation that supports the Federal Reserve's wait-and-see
approach to further interest rate hikes this year.
* U.S. President Donald Trump said on Wednesday he was in no rush
to complete a trade pact with China and insisted that any deal include
protection for intellectual property, a major sticking point between
the two sides during months of negotiations.
* The U.S. Senate appeared poised to pass a proposal to terminate
Trump's declaration of an emergency at the southern border, despite
his threat to veto the measure and heavy lobbying of his fellow
* Japan's government is considering a slight downgrade to its
assessment of the economy in its monthly report for March as exports
and factory output fell due slowing demand from China, the Nikkei
business daily reported on Thursday.
* Ugandan authorities said on Wednesday that they were
investigating the country's biggest gold refinery over recent imports
of an estimated 7.4 tonnes of gold, worth some $300 million.
* Societe Generale forecast gold prices to average $1,400 an ounce
in 12 months.
DATA AHEAD (GMT) 0200 China Industrial output (Feb) 0200 China
Retail Sales (Feb) 0630 India WPI Inflation (Feb) 0700 Germany CPI
Final (Feb) 0700 Germany Harmonized consumer prices (HICP) (Feb) 1400
U.S. New home sales-units (Jan) 1200 Possible vote in UK parliament
on extending Brexit negotiating period Bank of Japan Monetary policy
meeting (March 14-15)
(Reporting by K. Sathya Narayanan in Bengaluru; Editing by Joseph Radford)
((Sathya.Narayanan@thomsonreuters.com; within U.S. +1 651 848 5832,
outside U.S. +91 80 6749 3226/1298; Reuters Messaging: email@example.com))