June 1 Gold held steady on Thursday after
hitting a five-week high in the previous session on geopolitical
tensions, but expectations the U.S. Federal Reserve will hike
interest rates next month weighed on prices.
* Spot gold was down 0.1 percent at $1,267.32 per
ounce at 0055 GMT. On Wednesday, it touched a session high of
$1,273.74 an ounce, its strongest since April 25.
* U.S. gold futures fell 0.3 percent to $1,266.50.
* The dollar languished near a recent 6-1/2 month low
against a basket of major currencies on Thursday.
* The U.S. economy expanded at a modest to moderate pace
from early April through late May, but showed little sign of
breaking out of a recent trend of sluggish inflation, a survey
conducted by the Fed showed on Wednesday.
* Federal funds futures implied traders saw an 87 percent
chance the U.S. central bank would increase key overnight
borrowing costs by a quarter point, to 1.00-1.25 percent, at its
June 13-14 policy meeting, according to CME Group's FedWatch
* Contracts to buy previously owned U.S. homes fell for a
second straight month in April amid a supply squeeze, but the
housing market recovery remains supported by a strong labour
* U.S. President Donald Trump sought to insert himself into
congressional investigations on Russia on Wednesday, urging
lawmakers to hear from one of his former advisers, Carter Page,
to counter testimony by directors of the FBI and CIA.
* Prime Minister Theresa May could lose control of
parliament in Britain's June 8 election, according to a
projection by polling company YouGov, raising the prospect of
political turmoil just as formal Brexit talks begin.
* A consortium of investors led by China's Fosun
International Ltd will buy a 10 percent stake in
Russia's top gold producer Polyus for $887 million,
they said on Wednesday.
* The U.S. Mint sold 14,500 ounces of American Eagle gold
coins in May, up 141.7 percent from the previous month,
according to the latest data.
DATA AHEAD (GMT)
0145 China Caixin manufacturing PMI final May
0600 Britain Nationwide house prices May
0750 France Markit manufacturing PMI May
0755 Germany Markit/BME manufacturing PMI May
0800 Euro zone Markit manufacturing PMI final May
1215 U.S. ADP national employment May
1230 U.S. Weekly jobless claims
1400 U.S. ISM manufacturing PMI May
1400 U.S. Construction spending Apr
(Reporting by Vijaykumar Vedala in Bengaluru; Editing by Joseph