FUNDAMENTALS
* Spot gold was down 0.3% at $2,014.62 per ounce by
0029 GMT, while U.S. gold futures eased 0.2% to
$2,018.90.
* U.S. central bankers on Monday signalled they see interest
rates staying high and, if anything, going higher, given
inflation that may be slow to improve and an economy showing
only tentative signs of weakness.
* Atlanta Fed president Raphael Bostic, however, said he was
"inclined" to hold interest rates steady at the next meeting.
* While gold is considered a hedge against inflation, rising
interest rates dull non-yielding bullion's appeal.
* Markets are currently pricing in a 75.3% chance of the
U.S. central bank holding rates at the current level in June,
according to the CME FedWatch tool.
* The U.S. Treasury Department reiterated on Monday it
expects to be able to pay the U.S. government's bills only
through June 1 without a debt limit increase, increasing
pressure on congressional Republicans and the White House to
reach a deal in coming days.
* President Joe Biden and Republican House of
Representatives Speaker Kevin McCarthy prepared for critical
debt-ceiling talks, with a little more than two weeks to go
before the U.S. government could run short of money to pay its
bills.
* The New York Federal Reserve said on Monday its barometer
of manufacturing activity in New York State plunged in May, but
the survey is extremely volatile, making it harder to interpret.
* Spot silver fell 0.3% to $24.05 per ounce, platinum edged 0.1% lower to $1,063.68 and palladium shed
0.3% to $1,528.20.
DATA/EVENTS (GMT) 0200 China Retail Sales YY April 0200 China Unemp Rate Urban Area April 0900 EU GDP Flash Estimate QQ, YY Q1 1230 US Retail Sales MM April 1315 US Industrial Production MM April (Reporting by Arundhati Sarkar in Bengaluru; Editing by Sherry Jacob-Phillips)
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