* Fed more focused on employment than inflation - analyst. * Palladium ticks up after hitting lowest level since August 2020. By Arundhati Sarkar. Gold prices rose on Monday in the run-up to the release of key U.S. economic data including readings on inflation that could dictate the path of Federal Reserve monetary policy.
Aluminium prices rose to $3,000 a tonne for the first time since 2008 on Monday as restrictions on output in China, the biggest producer, fuel fears that supply will run short. Prices of the lightweight metal used in packaging and construction have leaped 50% this year and 15% in only three weeks as speculators pile into the market.
* Dollar hits a more than two-week peak. * Platinum touches lowest level since November 2020. * Palladium hits its lowest level since August 2020. By Nakul Iyer. Gold prices nudged up on Monday drawing some support from weaker U.S. bond yields but a resurgent dollar kept the metal on a tight leash as investors awaited U.S. inflation readings later this week.
Gold prices were subdued on Monday as the dollar held firm, while cautious investors awaited readings on U.S. consumer prices due this week that could be crucial to Federal Reserve's decision on when to exit its super-supportive policy. FUNDAMENTALS.
* Falling auto demand weighing on platinum, palladium - analyst. * Federal Open Market Committee to meet September 21-22. * Silver, platinum also down for the week. By Bharat Gautam. Gold held a tight range on Friday, as uncertainty over the U.S. Federal Reserve's tapering timeline kept most investors on the sidelines.
* Gold down 1.3% for the week. * Gold range-bound as all eyes on next FOMC meet - analyst. * Palladium down more than 8% for the week. By Arundhati Sarkar. Gold prices inched higher on Friday as the dollar eased slightly, but uncertainty over the U.S. Federal Reserve's next moves on unwinding its economic support measures kept bullion in a relatively tight range.
* Gold down 1.4% for the week. * Platinum on track for biggest weekly fall since early Aug. * Palladium down more than 9% for the week. By Eileen Soreng. Gold bounced above $1,800 on Friday, buoyed by bets that central banks may keep interest rates relatively low to stave off lingering growth risks.
* Focus also on U.S. jobless claims data at 1230 GMT. * ECB policy decision due at 1145 GMT. By Arundhati Sarkar. Gold prices rose on Thursday after three straight sessions of losses as the dollar rally paused and investors' focus turned to a European Central Bank meeting expected to signal a tapering of its emergency economic support.
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