September 5, 2017 / 1:15 AM / 10 months ago

PRECIOUS-Gold eases from near 1-year high as dollar steadies

    Sept 5 (Reuters) - Gold prices on Tuesday edged away from
their highest in nearly a year as the dollar steadied, though
safe-haven demand continued to support the precious metal in the
wake of North Korea's most powerful nuclear test to date.

    * Spot gold        was down 0.1 percent at $1,333.00 per
ounce by 0054 GMT, after touching its strongest since late
September at $1,339.47 in the previous session.
    * U.S. gold futures         for December delivery were up
0.6 percent at $1,338.80.
    * The dollar steadied on Tuesday after investors took in the
latest headlines on tensions in the Korean Peninsula before
turning their focus towards U.S. monetary and fiscal policies.
    * Asian shares barely budged Tuesday after having absorbed
the initial shock from North Korea's nuclear test on the
    * The United States accused North Korea's trading partners
on Monday of aiding its nuclear ambitions and said Pyongyang was
"begging for war" after the North's nuclear test on Sunday and
signs that further missile launches were on the way.
    * U.S. President Donald Trump agreed "in principle" to scrap
a warhead weight limit on South Korea's missiles in the wake of
North Korea's test, the White House said on Monday.             
    * The United States wants the United Nations Security
Council to vote next Monday to impose "the strongest possible"
sanctions on North Korea, U.S. Ambassador to the United Nations
Nikki Haley said on Monday.             
    * The European Central Bank bought fewer German bonds in
August than in any month since the start of its stimulus
programme, data showed on Monday, suggesting it was holding back
to avoid running out of debt to buy.             
    * Japan's central bank is already in the process of winding
down its radical monetary policy and may also look at making
changes to its long-term interest rate target in the near
future, former board member Takahide Kiuchi said on Monday.
    0130    Australia   Balance of payments data        Q2  
    0145    China       Caixin/Markit services PMI      Aug  
    0750    France      IHS Markit Final Composite PMI  Aug  
    0750    France      IHS Markit Final Services PMI   Aug  
    0755    Germany     IHS Markit Final Composite PMI  Aug  
    0755    Germany     IHS Markit Final Services PMI   Aug 
    0800    Euro Zone   IHS Markit Final Composite PMI  Aug 
    0800    Euro Zone   IHS Markit Final Services PMI   Aug 
    0830    U.K.        IHS Markit Services PMI         Aug  
    0900    Euro Zone   Retail sales                    Jul  
    1400    U.S.        Factory orders                  Jul  
    1400    U.S.        Durables orders (revised)       Jul 

 (Reporting by Apeksha Nair in Bengaluru; Editing by Joseph
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