Nov 16 (Reuters) - Gold prices inched up on Monday helped by
a softer dollar and mounting coronavirus cases in the United
States that escalated concerns of the pandemic's impact on the
pace of economic recovery.
FUNDAMENTALS
* Spot gold XAU= was up 0.1% to $1,888.91 per ounce by
0042 GMT.
* U.S. gold futures GCv1 were up 0.1% at $1,888.30.
* The dollar index .DXY was down 0.1%, while Asia's stock
markets opened higher on vaccine optimism. USD/ MKTS/GLOB
* U.S. President-elect Joe Biden's top advisers called for
urgent action to address the nation's "deeply alarming" COVID-19
crisis on Sunday, while the number of infection cases in the
United States crossed the 11-million mark. * U.S. consumer sentiment fell unexpectedly in early
November as households worried about their finances, the
resurgent pandemic and the depleted fiscal stimulus, dimming the
economy's outlook. * President Donald Trump on Sunday briefly acknowledged
losing the U.S. election in a morning Twitter post but then
backtracked, saying he concedes "nothing," and vowing to keep up
a court fight that election-law experts say is unlikely to
succeed. * Japan's economy grew an annualised 21.4% in the third
quarter, data showed on Monday, rebounding sharply from a record
postwar slump. * Holdings in SPDR Gold Trust GLD , the world's largest
gold-backed exchange-traded fund, fell 0.42% to 1,234.32 tonnes
on Friday. * Consumers flocked to jewellery shops again in India last
week to snap up Diwali and Dhanteras festival deals, with a
retreat in prices also adding to the sparkle in the world's
second biggest bullion consumer. * Silver XAG= rose 0.2% to $24.68 per ounce. Platinum
XPT= was up 0.3% at $891.46, while palladium XPD= gained
0.4% to $2,333.01.
DATA/EVENTS (GMT)
0200 China Urban Investment (YTD) YY Oct
0200 China Industrial Output YY Oct
0200 China Retail Sales YY Oct
1100 EU Reserve Assets Total Oct
Key banking/govt official to speak at the 23rd Euro Finance
Week conference in Frankfurt