PRECIOUS-Gold slips on firmer dollar, ebbing hopes of U.S. stimulus


Oct 28 (Reuters) - Gold prices were subdued on Wednesday, as the dollar strengthened, after hopes of U.S. stimulus faded following President Donald Trump's comment that a deal would likely come after the November election.


* Spot gold fell 0.1% to $1,905.51 per ounce by 0103 GMT.

* U.S. gold futures were down 0.2% at $1,908.70.

* The dollar index was up 0.2% against rivals, making bullion expensive for those holding other currencies. [USD/]

* Trump on Tuesday said a coronavirus economic relief deal would likely come after the Nov. 3 election, with the White House unable to bridge differences with fellow Republicans in the U.S. Senate as well as congressional Democrats.

* Data showed new orders for key U.S.-made capital goods increased to six-year high in September, while the Conference Board said its consumer confidence index fell to a reading of 100.9 this month from 101.3 in September amid concerns about the future.

* French President Emmanuel Macron is expected to give a televised address on Wednesday evening, as authorities explore fresh restrictions to curb the spread of the coronavirus.

* Britain must spell out how far it wants to diverge from European Union rules if it wants access to the bloc's financial market from January, a top European Commission official said on Tuesday.

* China's net gold imports via Hong Kong surged to a six-month high in September, helped by a recovery in demand as economic activity picked up in the world's top consumer of the metal.

* Holdings in SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.23% to 1,266.72 tonnes on Tuesday.

* Silver fell 1% to $24.30 per ounce, platinum was down 0.1% at $878.15, while palladium rose 0.2% to $2,336.31.


1045 Germany

Economy Minister Peter Altmaier presents

the government's biannual economic projection in Berlin

Bank of Japan holds Monetary Policy Meeting (to Oct. 29) (Reporting by Eileen Soreng in Bengaluru; Editing by Amy Caren Daniel) ((; Within U.S. +1 646 223 8780, Outside U.S. +91 80 6749 6131; Reuters Messaging: Keywords: GLOBAL PRECIOUS/

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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