Aug 8 (Reuters) - Gold prices rose again on Thursday after
topping the $1,500 mark in the previous session, as central
banks around the world slashed interest rates amidst fears of a
global recession.
FUNDAMENTALS
* Spot gold XAU= rose 0.3% to $1,505 per ounce as of 0104
GMT.
* On Wednesday, gold soared over 2% to break the $1,500
barrier for the first time in over six years. * U.S. gold futures GCcv1 were down 0.3% at $1,515.30 an
ounce.
* Chicago Fed President Charles Evans signalled on Wednesday
he was open to lowering rates to bolster inflation and to
counter risks to economic growth. * Futures 0#FF: moved to price in a 100% probability of an
Fed easing in September. FEDWATCH * U.S. 10-year Treasury yields US10YT=RR dropped further
below three-month rates, an inversion that has reliably
predicted recessions in the past. US/
* Central banks in New Zealand, India and Thailand surprised
markets with aggressive easings on Wednesday. The Philippines
central bank is expected to cut later today. MKTS/GLOB
* SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings rose 1.02% to 845.42
tonnes on Wednesday from 836.92 tonnes on Tuesday. GOL/ETF
DATA AHEAD (GMT)
* 1230 US Initial Jobless Claims weekly
* N/A China Exports YY July
* N/A China Imports YY July
* N/A China Trade Balance USD July