BASICS
* spot gold It remained stable at $2,670.50 per ounce, at 0028 GMT. Bullion hit an all-time high of $2,685.42 on Thursday.
* Bullion prices They are up more than 29% so far this year, breaking record levels several times on hopes of US rate cuts, safe haven demand and strong central bank buying.
* US gold futures fell 0.1% to $2,692.70. * Data on Thursday showed weekly U.S. jobless claims fell by 4,000 to a four-month low of 218,000, below the 225,000 forecast by economists in a Reuters poll.
* He Federal Reserve made a 50 basis point rate cut at its last policy meeting and traders see a 51% chance of another half percentage point cut in November, according to the CME FedWatch Tool.
*Lower interest rates reduce the opportunity cost of holding bullion, which is also considered a safe asset during economic and political turmoil.
* Market attention is now on data on the core personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, due to be released later in the day.
* China’s monthly net gold imports through Hong Kong fell 76% to their lowest level in more than two years in August, data showed on Thursday.
* Spot silver fell 0.4% to $31.91 an ounce, after reaching a 12-year high in the previous session.
* Silver prices have hit their highest level in more than a decade thanks to bullion’s stellar bull run and China’s stimulus measures, although some analysts expect the rally to fade as demand from the industrial sector remains a concern.
* Platinum was stable at $1,006.65 and palladium lost 0.4% to $1,043.22.
DATA/EVENTS (GMT) 0500 Japan Leading Indicator Revised July 0645 France CPI (EU Standard) Preliminary AA September 0645 France CPI (EU Standard) Preliminary MM September 0645 France CPI Preliminary AA NSA September 0645 CPI of France preliminary MM NSA September 0745 Producer prices of France Year of August 0755 Germany Unemployment Var SA September 0755 Germany Unemployment rate SA September 0900 EU consumer confidence. Final Consumption Sep 1230 US, Adjusted MM Aug 1230 US Core PCE Price Index MM Aug 1230 US Core PCE Price Index AA Aug 1230 US PCE Price Index MM Aug 1230 US PCE Price Index AA Aug 1400 US Final Michigan September Sentiment
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