PRECIOUS-Gold slides to the firmer dollar, diminishing hopes for US stimulus

    Oct 28 (Reuters) - Gold prices were subdued on Wednesday, as
the dollar strengthened, after hopes of U.S. stimulus faded
following President Donald Trump's comment that a deal would
likely come after the November election.
    * Spot gold        fell 0.1% to $1,905.51 per ounce by 0103
    * U.S. gold futures        were down 0.2% at $1,908.70.
    * The dollar index        was up 0.2% against rivals, making
bullion expensive for those holding other currencies.         
    * Trump on Tuesday said a coronavirus economic relief deal
would likely come after the Nov. 3 election, with the White
House unable to bridge differences with fellow Republicans in
the U.S. Senate as well as congressional Democrats.             
    * Data showed new orders for key U.S.-made capital goods
increased to six-year high in September, while the Conference
Board said its consumer confidence index fell to a reading of
100.9 this month from 101.3 in September amid concerns about the
    * French President Emmanuel Macron is expected to give a
televised address on Wednesday evening, as authorities explore
fresh restrictions to curb the spread of the coronavirus.
    * Britain must spell out how far it wants to diverge from
European Union rules if it wants access to the bloc's financial
market from January, a top European Commission official said on
    * China's net gold imports via Hong Kong surged to a
six-month high in September, helped by a recovery in demand as
economic activity picked up in the world's top consumer of the
    * Holdings in SPDR Gold Trust      , the world's largest
gold-backed exchange-traded fund, rose 0.23% to 1,266.72 tonnes
on Tuesday.             
    * Silver        fell 1% to $24.30 per ounce, platinum       
was down 0.1% at $878.15, while palladium        rose 0.2% to
    1045  Germany    Economy Minister Peter Altmaier presents
    the government's biannual economic projection in Berlin
    Bank of Japan holds Monetary Policy Meeting (to Oct. 29)

 (Reporting by Eileen Soreng in Bengaluru; Editing by Amy Caren


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