* Platinum, palladium ease after recovery. * Path of least resistance for gold is down - analyst. * Fed says will likely begin tapering by as soon as November. By Bharat Gautam. Gold fell 1% on Thursday, pressured by an overall uptick in appetite for riskier assets, as investors continued to position themselves for a sooner-than-expected interest rate hike from the U.S. Federal Reserve.
* Dollar eases off one-month peak. * Evergrande deal limits safe-haven demand - analyst. * Fed says will likely begin tapering by as soon as November. By Arundhati Sarkar.
London copper prices slipped on Thursday, pressured by worries of slowing recovery in the United States after the Federal Reserve signalled it would taper its stimulus programme sooner than expected.
Gold prices dipped on Thursday after the U.S. Federal Reserve signalled easing its monthly bond purchases by next year and a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding the non-yielding bullion. FUNDAMENTALS.
Newmont Mining Corp's Yanacocha sulfides project to expand gold production in Peru has been delayed and will only be developed "at the pace the pandemic allows," CEO Tom Palmer said on Wednesday at an industry conference.
* Palladium set for best day in 18 months. * Fed expressing growth concern could be gold positive - analyst. * Evergrande domestic debt deal calms immediate contagion concern. By Bharat Gautam.
* Fed's policy statement due at 1800 GMT. * Stocks find fleeting relief in Evergrande deal. * Investment flows in gold overall have been limited - analyst. By Arundhati Sarkar. Gold prices steadied on Wednesday as investors braced for the outcome of a U.S. Federal Reserve meeting and chief Jerome Powell's remarks on reducing its massive support for the pandemic-hit economy.
* SPDR Gold ETF holdings dropped 0.9 tonnes on Tuesday. * Fed's policy statement due at 1800 GMT. By Eileen Soreng. Gold inched higher on Wednesday ahead of the outcome of the U.S. Federal Reserve's policy meeting where it could give clues about the timeline to reduce stimulus in the world's largest economy.
Gold prices were flat on Wednesday amid rising uncertainties triggered by China Evergrande's debt crisis and anticipation of policy cues from the U.S. Federal Reserve on its timeline for reducing stimulus for the world's largest economy. FUNDAMENTALS.
* Stocks recover from Evergrande-led sell-off. * Federal Reserve will end two-day meeting on Wednesday. * Silver, platinum and palladium rebound from multi-month lows. By Bharat Gautam.
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