Sept 9 (Reuters) - Gold prices edged higher on Monday, after
falling nearly 1% in the previous session, on expectations of
monetary policy easing by the world's major economies amid soft
economic data, although an uptick in equities limited gains.
FUNDAMENTALS
* Spot gold XAU= was up 0.3% at $1,511.30 per ounce, as of
0117 GMT.
* U.S. gold futures GCv1 were up 0.2% at $1,518.5 an
ounce.
* China's exports unexpectedly fell in August as shipments
to the United States slowed sharply, pointing to further
weakness in the world's second-largest economy and underlining a
pressing need for more stimulus as the Sino-U.S. trade war
escalates.
* Prime Minister Boris Johnson is sticking to his Brexit
plan and will not seek a delay to Britain's departure from the
European Union at a summit next month, two ministers said on
Sunday despite the latest resignation from his government.
* The U.S. Federal Reserve will continue to act "as
appropriate" to sustain the economic expansion in the world's
biggest economy, Fed Chair Jerome Powell said Friday in Zurich,
sticking to a phrase that financial markets have read as
signalling further interest-rate reductions ahead. * White House economic adviser Larry Kudlow said on Friday
the United States wants "near term" results from U.S.-China
trade talks in September and October but cautioned that the
trade conflict could take years to resolve. * U.S. job growth slowed more than expected in August, with
retail hiring declining for a seventh straight month, but strong
wage gains should support consumer spending and keep the economy
expanding moderately amid rising threats from trade tensions. * Japan's economy grew at a slower pace than initially
estimated in the second quarter on the back of softer capital
spending, signalling strains on the economy from weaker global
growth and the U.S.-China trade war. * Hedge funds and money managers upped their bullish
positions in COMEX gold and silver contracts in the week to
Sept. 3, the U.S. Commodity Futures Trading Commission (CFTC)
said on Friday. AHEAD
0830 UK GDP Est 3M/3M July
0830 UK GDP Estimate MM, YY July
0830 UK Manufacturing Output MM July