Feb 10 (Reuters) - Gold prices edged up on Wednesday as the
dollar hovered around a one-week low and expectations of a
massive stimulus package in the United States lifted bullion's
appeal.
FUNDAMENTALS
* Spot gold XAU= rose 0.2% to $1,839.99 per ounce by 0210
GMT. U.S. gold futures GCv1 gained 0.2% to $1,840.40.
* The dollar .DXY fell to an over one-week low in the
previous session. A weaker dollar makes commodities priced in
the greenback more affordable for holders of other currencies.
USD/
* U.S. President Joe Biden said on Tuesday he agreed with a
proposal by Democratic lawmakers that would limit or phase out
stimulus payments to higher-income individuals as part of his
$1.9 trillion coronavirus relief bill. * U.S. layoffs eased in December and job openings increased
modestly, suggesting the decline in employment was largely due
to companies cutting back on hiring amid uncertainty caused by a
raging COVID-19 pandemic. * Investors now await Federal Reserve Chairman Jerome
Powell's speech before a virtual Economic Club of New York event
at 1900 GMT on Wednesday.
* SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings fell 0.4% to 1,148.34
tonnes on Tuesday from 1,152.43 tonnes on Monday. GOL/ETF
* Spot silver XAG= gained 0.6% to $27.36 an ounce,
palladium XPD= was down 0.3% to $2,312.58.
* Platinum XPT= rose 2.1% to $1,200.03, after hitting
$1,202.29 earlier in the session, its highest since February
2015, on supply deficit concerns.
DATA/EVENTS (GMT)
0130 China PPI, CPI YY Jan
0700 Germany HICP Final YY Jan
1900 US Federal Reserve Chairman Jerome Powell
speaks before a virtual Economic Club of New York event