July 22 (Reuters) - Gold inched lower on Thursday, as the
dollar remained strong and investors looked past economic
threats from rising cases of the Delta coronavirus variant and
opted for riskier assets instead.
* Spot gold was down 0.1% at $1,801.82 per ounce, as
of 0040 GMT, after hitting a more than one-week low of $1,793.59
in the previous session.
* U.S. gold futures eased 0.1% at $1,801.90 per
* The dollar index held close to a 3-1/2-month peak
against its rival, making gold more expensive for holders of
* Markets added to gains on Wednesday and yields climbed due
partly to positive corporate earnings, as investors largely
overlooked apprehension about the Delta coronavirus variant and
* The yield on 10-year Treasury notes continued
their bounce from five-month lows following a weak 20-year bond
auction. Higher bond yields increase the opportunity cost of
holding non-interest bearing gold.
* The European Central Bank is all but certain to promise an
even longer period of stimulus on Thursday to make good on its
commitment to boost inflation.
* U.S. President Joe Biden said the current uptick in
consumer prices will be short lived as the U.S. economy emerges
from the global COVID-19 crisis, adding that his economic plan
will reduce inflation over the long term.
* U.S. Senate Republicans blocked a move to open debate on
Wednesday on a $1.2 trillion bipartisan infrastructure measure
that is a top priority for President Biden.
* Silver was steady at $25.23 per ounce, palladium
rose 0.3% to $2,661.17, and platinum was flat at
0645 France Business Climate Mfg July
1145 EU ECB Refinance Rate July
1145 EU ECB Deposit Rate July
1230 US Initial Jobless Claim Weekly
1400 US Existing Home Sales June
1400 EU Consumer Confid. Flash July
(Reporting by Brijesh Patel and Arpan Varghese in Bengaluru;
editing by Vinay Dwivedi)