Nov 12 (Reuters) - Gold prices inched lower on Thursday,
after dropping over 1% in the previous session, pressured by a
firmer dollar and optimism over a COVID-19 vaccine related
developments bolstering risk appetite.
FUNDAMENTALS
* Spot gold XAU= fell 0.1% to $1,863.70 per ounce by 0048
GMT.
* U.S. gold futures GCv1 were flat at $1,862.20.
* The dollar index .DXY held steady near a one-week high
hit Wednesday, while Asian stocks were set to continue their
vaccine-driven gains. USD/ MKTS/GLOB
* President Donald Trump's campaign on Wednesday took
another step in its long-shot legal strategy to upend his
election loss with a Michigan lawsuit, while Georgia announced a
recount and President-elect Joe Biden worked on laying the
foundation of his administration. * The European Central Bank will focus on more emergency
bond purchases and cheap loans for banks when it puts together
its new stimulus package next month to help the pandemic-hit
euro zone economy, ECB President Christine Lagarde said on
Wednesday. * France reported 35,879 new coronavirus cases on Wednesday,
taking the total to 1.86 million, overtaking Russia and making
France the worst affected country in the European region.
* Holdings of SPDR Gold Trust GLD , the world's largest
gold-backed exchange-traded fund, fell 0.72% to 1,240.74 tonnes
on Wednesday. * Silver XAG= fell 0.4% to $24.16 per ounce. Platinum
XPT= was flat at $865, while palladium XPD= rose 0.3% to
$2,321.88.
DATA/EVENTS (GMT)
0700 Germany HICP Final YY Oct
0700 UK GDP Est 3M/3M Sept
0700 UK GDP Estimate MM, YY Sept
0700 UK Manufacturing Output MM Sept
0700 UK GDP Prelim QQ, YY Sept
1200 India Industrial Output YY Sept
1330 US CPI MM, SA Oct
1330 US Initial Jobless Clm Weekly