Jan 6:
Gold ticked up on Wednesday, aided by a weaker dollar, while investors awaited the results of the U.S. Senate runoff elections in Georgia that will decide the prospects of further stimulus.

FUNDAMENTALS

* Spot
gold rose 0.1% to $1,950.46 per ounce by 0049 GMT, after hitting a peak since Nov. 9 at $1,952.98 earlier in the session. U.S.
gold futures was flat at $1,954.20.

* Polls closed in Georgia after voters cast ballots in a pair of runoff elections that will determine both control of the U.S. Senate and Democratic President-elect Joe Biden‘s ability to push through an ambitious legislative agenda.

* Democrat candidates jumped to early leads in preliminary voting returns, data compiled by Edison Research showed. The results could be known by Wednesday, although the outcome may remain in doubt for days if the margins are razor-thin.

* The U.S. dollar held near an over two-year low against rivals.

* U.S. factory activity accelerated to its highest level in nearly 2-1/2 years in December.

* Holdings in the world’s largest
gold-backed exchange-traded fund, SPDR
Gold Trust fell 0.1% to 1,186.78 tonnes on Tuesday.

* Silver shed 0.1% to $27.55 an ounce. Platinum fell 0.7% to $1,103.57, while palladium eased 0.5% at $2,455.29.

DATA/EVENTS (GMT) 0500 India HIS Markit Svcs PMI Dec 0700 UK Reserve Assets Total Dec 0745 France CPI (EU Norm) Prelim YY Dec 0850 France Markit Svcs, Comp PMIs Dec 0855 Germany Markit Svcs PMI Dec 0855 Germany Markit Comp Final PMI Dec 0900 EU Markit Serv, Comp Final PMIs Dec 1300 Germany CPI, HICP Prelim YY Dec 1445 US Markit Serv, Comp Final PMIs Dec 1500 US Factory Orders MM Nov 1900 US Federal Open Market Committee will release minutes from its Dec. 15 – 16 policy meeting





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