Gold prices edged higher on Monday on a softer dollar, although central banks worldwide retained their aggressive monetary policies to tackle soaring inflation, limiting gains for safe-haven bullion. FUNDAMENTALS. * Spot gold was up 0.3% at $1,665.29 per ounce, as of 0115 GMT.
* Gold down 7.7% for the quarter. * Silver, platinum set for second straight quarterly declines. * Palladium adds about 12% so far this quarter. * Dollar faces a weekly decline. By Kavya Guduru.
Russia's Rusal said on Friday that speculation the aluminium producer was planning to offload metal into London Metal Exchange registered warehouses was misleading. The LME, the world's oldest and largest market for trading industrial metals, said on Thursday it was considering a consultation on whether Russian aluminium, nickel and copper should continue to be traded and stored in its system.
* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. Russia's Rusal said on Friday that speculation the aluminium producer was planning to offload metal into London Metal Exchange registered warehouses was misleading.
* China premiums at $20-$45 an ounce this week. * Premiums in Hong Kong at $0.5-$4/oz, Singapore at $2.50-$3. By Rajendra Jadhav and Ashitha Shivaprasad. The physical gold market in India flipped to a premium this week as demand improved ahead of festivities, while Chinese premiums stayed elevated.
* Gold down 7.8% for the quarter. * Silver, platinum set for second-straight quarterly decline. * Current gains in gold are likely to be limited-analyst. By Arundhati Sarkar. Gold prices, which gained on Friday as the dollar weakened, were on course for their worst quarter since March last year as central banks worldwide stick with aggressive monetary policies.
* SPDR Gold holdings rise, first inflow in 2 weeks. * Silver, platinum set for second quarterly decline. * Palladium up about 12% so far in the quarter. By Eileen Soreng. Gold prices rose on Friday as the dollar held near a one-week low, but the Federal Reserve's commitment to getting inflation under control kept the metal on course for its biggest quarterly fall since early 2021.
Prices of copper on Friday were set to register a quarterly drop as macro bearishness outweighed supply tightness, while higher-than-expected China factory data raised hopes of better demand from world's biggest metal consumer.
* U.S. dollar down 0.2% * U.S. GDP falls at unrevised 0.6% annualized rate. * U.S. weekly jobless claims drop. By Kavya Guduru. Gold prices were largely flat on Thursday as elevated Treasury yields and concerns over the U.S. Federal Reserve's aggressive monetary policy pressured bullion, but a drop in the U.S. dollar supported the precious metal.
* Dollar index up 0.8% * Strong labour market may push gold into sub-$1600 domain-analyst. By Ashitha Shivaprasad. Gold prices fell 1% on Thursday as the dollar resumed its ascent after a brief dip in the previous session, with looming rate hikes still a headwind for the non-yielding bullion.
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