PRECIOUS-Gold lingers near one-month low as dollar strength weighs
 Oct 29 (Reuters) - Gold was little changed on Thursday,
trading near a one-month low hit in the previous session, as
fears of the economic impact from a fresh wave of the novel
coronavirus in Europe kept the dollar around a one-week high it
hit on Wednesday. FUNDAMENTALS * Spot gold was little changed at $1,877.83 per ounce
by 0050 GMT, after falling as much as 2% on Wednesday. * U.S. gold futures were flat at $1,879.60. * The dollar index was steady against a basket of six
major currencies, pausing after clocking a gain of 0.3% in early
trade. * French President  and German Chancellor
 ordered their countries back into lockdown on
Wednesday, as a massive second wave of infections threatened to
overwhelm Europe before the winter. * The European Central Bank is expected to resist pressure
to unveil fresh stimulus measures on Thursday but it will likely
pave the way for action in December. The ECB will announce its
policy decision at 1245 GMT. * The Bank of Japan is set to maintain its massive stimulus
programme on Thursday and vow to take further action if the
virus-led economic fallout threatens a return to deflation. * There is a high risk the resurgence in coronavirus cases
halts the global economic recovery by year-end, according to
Reuters polls of around 500 economists. * Holdings in SPDR Gold Trust , the world's largest
gold-backed exchange-traded fund, fell 0.67% to 1,258.25 tonnes
on Wednesday. * Silver rose 0.1% to $23.43 per ounce, while
platinum dipped 0.1% to $866.96. Palladium was up
0.7% at $2,254.02. DATA/EVENTS (GMT) 0855 Germany Unemployment Chg, Rate SA Oct 1000 EU Consumer Confid. Final Oct 1230 US GDP Advance Q3 1230 US Initial Jobless Clm Weekly' 1245 EU ECB Refinancing, Deposit Rates Oct 1300 Germany CPI, HICP Prelim YY Oct (Reporting by Eileen Soreng in Bengaluru; editing by
Uttaresh.V) 

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