FUNDAMENTALS
* Spot gold was steady at $1,984.69 per ounce by 0131 GMT. U.S. gold futures were down 0.2% at $1,994.30.
* Israeli forces executed their biggest ground attack in Gaza in their 20-day-old war with Hamas overnight as anger grew in the Arab world over Israel’s unrelenting airstrikes on the besieged Palestinian territory.
* The U.S. economy surged at the fastest growth pace in nearly two years in the third quarter, again defying dire warnings of a recession.
* U.S. Treasury Secretary Janet Yellen said U.S. third-quarter economic growth of nearly 5% was a good sign that the economy was headed for a soft landing, but could help keep longer-dated bond yields elevated.
* The dollar was set for a weekly gain on Friday, while U.S. Treasury yields edged 0.2% higher after easing in the last session following the release of weaker-than-expected U.S. inflation and disposable income data.
* Investor focus is also on the U.S. personal consumption expenditure (PCE) price index for cues on what to expect from the Fed’s policy meeting next week.
* The European Central Bank left interest rates unchanged, as expected on Thursday, snapping a 15-month streak of rate hikes, echoing the recent actions of the Federal Reserve and the Bank of England.
* China’s gold imports via Hong Kong fell 11% in September from the previous month, the Hong Kong Census and Statistics Department data showed on Thursday.
* Spot silver eased 0.1% to $22.80, platinum rose 0.3% to $902.72 and palladium fell 0.1% to $1,132.11.
DATA/EVENTS (GMT) 1230 US Consumption, Adjusted MM Sept 1230 US Core PCE Price Index MM,YY Sept 1230 US PCE Price Index MM,YY Sept 1400 US U Mich Sentiment Final Oct.
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