PRECIOUS-Gold hits one-week low after U.S. economic data

Reuters

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    * GRAPHIC-2017 asset returns: http://tmsnrt.rs/2jvdmXl 
    * Gold set for third straight weekly decline 
 
 (Updates prices; adds comment, NEW YORK dateline) 
    By Marcy Nicholson and Zandi Shabalala 
    NEW YORK/LONDON, Nov 3 (Reuters) - Gold fell to a one-week 
low on Friday as consensus-beating U.S. economic data pushed the 
dollar higher, outweighing the impact of a  lackluster jobs 
report. 
    The greenback  .DXY  gained on a strong reading of U.S. 
factory orders and the services sector, reversing earlier losses 
after an underwhelming October jobs report.  FRX/  
    Spot gold  XAU=  fell 0.6 percent to $1,267.95 an ounce by 
2:26 p.m. EDT (1826 GMT), and was on track for third straight 
weekly decline. It hit its lowest level since Oct. 27 at 
$1,265.16. 
    U.S. gold  GCcv1  for December delivery settled down 0.7 
percent at $1,269.20. 
    "The data was in a conflicting sequence but it is overall 
making the case for not just one further rate hike by the Fed in 
December but also for further, gradual increasing of rates in 
2018," said Quantitative Commodity Research consultant Peter 
Fertig. 
    "The outlook for the interest side remains towards a 
stronger U.S. dollar so there are headwinds for gold." 
    The interest rate outlook for the coming year is largely 
unchanged by President Donald Trump's appointment of Jeremy 
Powell as Fed chairman as analysts said it signaled a 
continuation of Janet Yellen's cautious monetary policies. 
 urn:newsml:reuters.com:*:nL2N1N80D3 
    "This morning's weak jobs numbers should have been a boost 
to gold prices typically because the thought would be that maybe 
the Fed would change direction away from raising interest rates 
speedily," said Miguel Perez-Santalla, vice president of Heraeus 
Metal Management in New York. 
    "However, with the selection of Jerome Powell as the next 
Fed chairman that thought has quickly been discarded. This 
explains why, with this poor news, gold is still backing away 
like a scared dog."  
    World stock markets edged higher, buoyed by the U.S. 
economic data.  MKTS/GLOB  
    "I still remain cautious on gold until and unless it moves 
back above $1,300 again," said Fawad Razaqzada, technical 
analyst for Forex.com. 
    "There is still the potential for a drop to the support 
trend of its bullish channel around the $1,255 area before it 
decides on its next move."  
    SPDR Gold Trust  GLD , the world's largest gold-backed 
exchange-traded fund, said its holdings fell 0.4 percent on 
Thursday.  urn:newsml:reuters.com:*:nEMN0D6U80 
    Meanwhile in Asia, demand for physical gold was lackluster 
this week in top consumers India and China, while the lure of 
the metal remained stable in Singapore, but India's peak wedding 
season is expected to usher in renewed interest for bullion in 
coming weeks.  urn:newsml:reuters.com:*:nL4N1N92VC 
    In other precious metals, spot silver  XAG=  fell 1.7 
percent to $16.78 an ounce and platinum  XPT=  eased 0.6 percent 
to $919, while palladium  XPD=  turned up 0.2 percent to 
$998.10. 
 
    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
GRAPHIC-2017 asset returns:    http://tmsnrt.rs/2jvdmXl 
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> 
 (Additional reporting by Arpan Varghese in Bengaluru, editing 
by David Evans and Tom Brown) 
 ((Marcy.Nicholson@thomsonreuters.com, +1 646 223 6043; Reuters 
Messaging Marcy.Nicholson.ThomsonReuters.com@reuters.net)) 
 
Keywords: GLOBAL PRECIOUS/  
     
    Por Marcy Nicholson y Zandi Shabalala 
    NUEVA YORK/LONDRES, 3 nov (Reuters) - El oro cayó el viernes 
a un mínimo de una semana por datos económicos mejores a lo 
pronosticado conocidos durante la jornada que impulsaron al 
dólar y contrarrestaron el impacto de un reporte de empleo con 
escaso brillo. 
    * El índice dólar  .DXY  avanzó gracias a una sólida lectura 
de los pedidos de bienes fabricados en Estados Unidos y del 
sector servicios, revirtiendo pérdidas previas tras un informe 
de nóminas en octubre por debajo de lo esperado.  urn:newsml:reuters.com:*:nL2N1N90Y5 
    * En las últimas operaciones de la jornada el oro al contado 
 XAU=  perdía un 0,6 por ciento, a 1.267,95 dólares la onza, en 
camino de su tercera semana seguida de declives. Con 
anterioridad tocó su nivel más bajo desde el 27 de octubre, a 
1.265,16 dólares. 
    * El oro para entrega en diciembre en Estados Unidos  GCcv1  
cedió un 0,7 por ciento, a 1.269,20 dólares. 
    * El panorama de las tasas de interés para el próximo año se 
mantiene bastante estable tras el nombramiento de Jeremy Powell 
como jefe de la Reserva Federal por parte del presidente Donald 
Trump, ya que los analistas dijeron que se trata de una 
continuación de las cautas políticas monetarias de Janet Yellen. 
    * Los mercados bursátiles mundiales subieron levemente, 
impulsados por los datos económicos estadounidenses. 
    * En Asia, la demanda de oro físico fue floja esta semana en 
los principales consumidores, India y China, mientras que el 
atractivo del metal seguía estable en Singapur. No obstante, se 
espera que el comienzo de la temporada de bodas en India genere 
un renovado interés por el lingote en las próximas semanas. 
    * En otros metales preciosos, la plata al contado  XAG=  
bajó un 1,7 por ciento, a 16,78 dólares la onza; el platino 
 XPT=  cedió un 0,6 por ciento, a 919 dólares; y el paladio 
 XPD=  ganó un 0,2 por ciento, a 998,10 dólares. 
 
    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
Creación de empleo en EEUU se acelera y tasa de desocupación 
cae, pero salarios se estancan     urn:newsml:reuters.com:*:nL2N1N90Y5 
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> 
 (Reporte adicional de Arpan Varghese en Bangalore; editado en 
español por Carlos Serrano) 
 ((Marcy.Nicholson@thomsonreuters.com, +1 646 223 6043; Mesa de 
edición en español, +56224374408/Twitter: @ReutersLatam; 
facebook.com/ReutersLatam/)) 
  
((REUTERS CS HG))

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