Safe-haven gold on track for weekly gain
Oct 25 (Reuters) - Gold prices steadied on Friday but were headed for a weekly gain, driven by safe-haven demand due to escalating geopolitical concerns, while palladium lingered near a 10-month high.
FUNDAMENTALS
* Spot gold XAU= was little changed at $2,733.63 per ounce by 00:18 GMT. Prices hit a recordhigh of $2,758.37 on Wednesday and were up 0.5% so far in the week.
* U.S. gold futures GCv1 fell 0.1% to $2,746.3.
* Israel's military said on Thursday it killed a Hamas commander who took part in the Oct. 7, 2023, assault on southern Israel and also worked for the U.N. aid agency in the Gaza Strip.
* Uncertainty was also high ahead of U.S. Election Day on Nov. 5, with polls showing a tight race between Donald Trump and Kamala Harris.
* A widening U.S. fiscal deficit is a growing concern, Scope Ratings said.
* Gold is seen as a safe asset during economic and political uncertainty. It also thrives in a low interest rate environment.
* New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in mid-October was the highest in nearly three years, indicating it was becoming harder for those losing jobs to land new positions.
* Markets are pricing in a 96.9% chance for a cut of 25 basis points at the U.S. Federal Reserve's November meeting, according to CME's FedWatch Tool.
* The United States asked the Group of Seven allies to consider sanctions on Russian palladium and titanium, Bloomberg News reported.
* Russia's Nornickel is the world's largest palladium producer.
* Palladium XPD= rose 0.4% to $1,162, having surged as much as 9.4% in the previous session to its highest level since December 2023. It is set to record its best week in seven.
* Russia is in talks with other BRICS members about creating an international precious metals exchange to ensure fair pricing and trade growth, the country's Finance Minister Anton Siluanov said in a statement on Thursday.
* Spot silver XAG= fell 0.2% to $33.63 per ounce, Platinum XPT= rose 0.04% at $1,026.70.
DATA/EVENTS (GMT)
0500 Japan Leading Indicator Revised Aug
0800 Germany Ifo Business Climate New Oct
0800 Germany Ifo Curr Conditions New Oct
0800 Germany Ifo Expectations New Oct
1000 France Unemp Class-A SA Sept
1230 US Durable Goods Sept
1400 US U Mich Sentiment Final Oct
Reporting by Anmol Choubey in Bengaluru; Editing by Alan Barona
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
