Sept 12 Gold fell slightly early Monday as
hawkish comments from U.S. Federal Reserve officials late last
week raised bets on a rate hike as early as September.
* Spot gold had slipped nearly 0.2 percent to
$1,325.60 an ounce by 0120 GMT.
* U.S. gold futures dropped 0.3 percent to $1,329 an
* The dollar index, which measures the greenback
against a basket of currencies, was down 0.1 percent at 95.219.
* The dollar began the week on the back foot on Monday as a
bout of risk aversion underpinned the yen, though the U.S.
currency garnered some support on renewed talk of a possible
rate hike by the Federal Reserve as early as this month.
* A spate of Fed speakers kept hopes alive for a September
rate hike, despite some recently disappointing economic data
including only a modest rise in U.S. nonfarm payrolls.
* After Boston Federal Reserve President Eric Rosengren
spoke on Friday, odds on a rate hike in September rose to 30
percent probability from 24 percent before his comments.
* The case for raising U.S. interest rates has strengthened
in recent months, a top Federal Reserve official said on Friday,
but long-term headwinds to economic growth mean the central bank
will raise rates only very slowly.
* U.S. wholesale inventories were unchanged in July as
previously reported and sales recorded their biggest drop in six
months, suggesting a modest boost to third-quarter economic
growth from inventory investment.
* Reports the Bank of Japan was considering ways to steepen
the Japanese yield curve, along with speculation that central
banks more generally were running short on fresh stimulus
measures, slugged sovereign debt and risk appetite globally.
* Hedge funds and money managers hiked their net long
position in COMEX gold contracts to a nine-week high in the week
to Sept. 6, as they also raised a bullish stance in silver, U.S.
Commodity Futures Trading Commission data showed on Friday.
* SPDR Gold Trust, the world's largest gold-backed
exchange-traded fund, said its holdings fell 1.12 percent to
939.94 tonnes on Friday.
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* Asian shares slipped on Monday with investors rattled by
rising bond yields and talk the Fed might be serious about
lifting U.S. interest rates as early as next week.
(Reporting by Swati Verma in Bengaluru; Editing by Joseph