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PRECIOUS-Gold edges up but risk-on sentiment limits gains

BENGALURU, Dec 27 (Reuters) - Gold prices inched higher onThursday amid concerns about global economic growth and apartial U.S. government shutdown, although a rebound in investorrisk-appetite in the previous session limited gains.

FUNDAMENTALS

* U.S. gold futures GCv1 inched up 0.1 percent to $1,273.9per ounce.

* The dollar held its overnight gains versus its peers onThursday, bolstered by a surge in U.S. stocks and risingtreasury yields overnight. USD/

* The Dow Jones Industrial Average surged more than 1,000points for the first time on Wednesday, leading a broad WallStreet rebound after a report that holiday sales were thestrongest in years helped mollify concerns about the health ofthe economy. MKTS/GLOB

* Sales in the 2018 U.S. holiday shopping season rose 5.1percent to over $850 billion, the strongest in six years,according to a Mastercard report on Wednesday, as shoppers wereencouraged by a robust economy and early discounts.

* Kevin Hassett, chairman of the White House Council ofEconomic Advisers, said on Wednesday that U.S. Federal ReserveChairman Jerome Powell's job was not in jeopardy. Just two daysago President Donald Trump described the Fed as the "onlyproblem our economy has" as the central bank raises interestrates.

* A U.S. trade team will travel to Beijing the week of Jan.7 to hold talks with Chinese officials, Bloomberg reported onWednesday, citing two people familiar with the matter.

* Trump said on Wednesday he is prepared to wait as long asit takes to get $5 billion from taxpayers for his U.S.-Mexicoborder wall, a demand that has triggered a partial shutdown ofthe federal government that is now in its fifth day.

* Oil surged on Wednesday, posting its strongest daily gainin more than two years in a partial rebound from steep lossesthat pushed crude benchmarks to lows not seen since 2017. O/R

* SPDR Gold TrustGLD , the world's largest gold-backedexchange-traded fund, said its holdings rose 2.05 percent to790.02 tonnes on Wednesday from 774.14 tonnes on Monday.

DATA AHEAD (GMT)0130 China Sales Turnover Nov1330 U.S. Initial Jobless Claims 22 Dec1500 U.S. Consumer Confidence Dec1500 U.S. New Home sales- Units Nov (Reporting by Karthika Suresh Namboothiri in Bengaluru; editingby Richard Pullin) ((karthikasuresh.namboothiri@thomsonreuters.com; +91 80 67490997 (If within U.S. call 651-848-5832); Reuters Messaging:karthikasuresh.namboothiri.thomsonreuters.com@reuters.net))


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