FUNDAMENTALS
* Spot gold was little changed at $1,872.60 per ounce by 0057 GMT, after climbing as much as 1% in the previous session. U.S. gold futures fell 0.1% to $1,877.00.
* In a video posted to social media on Tuesday evening, Trump demanded lawmakers change the coronavirus aid part of the spending bill to include $2,000 payments to each American, more than triple the $600 per person provided.
* Gold has gained more than 23% this year, largely driven by its appeal as a hedge against inflation and currency debasement in the wake of unprecedented stimulus measures unveiled to mitigate the impact of the pandemic.
* Data on Wednesday showed the number of Americans filing first-time claims for unemployment benefits unexpectedly fell last week, though remained elevated.
* Data also showed consumer spending slipped in November for the first time since the recovery from the coronavirus recession started in May and personal income fell 1.1%.
* Millions of COVID-19 vaccines are sitting unused in U.S. hospitals and elsewhere, putting the government's target for 20 million vaccinations this month in doubt as pandemic cases in the country top 18 million.
* The British government on Wednesday said huge swathes of England would be placed under its strictest COVID-19 restrictions as a highly infectious virus variant sweeps the country.
* Britain and the European Union appeared close to clinching a long-elusive trade agreement on Wednesday, raising hopes that they were now set to avoid a turbulent economic rupture on New Year's Day.
* Silver rose 1% to $25.38 an ounce. Platinum climbed 0.5% to $1,007.11 and palladium gained 0.2% to $2,318.12.
"soft" - Google News
December 24, 2020 at 10:03AM
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Gold steadies as soft US jobs data offsets Trump stimulus threat - Economic Times
"soft" - Google News
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