Gold held on to losses early Thursday from the previous session, when it fell 2 percent, as the dollar remained strong on expectations of a U.S. Federal Reserve rate hike in December.
* Spot gold was down 0.2 percent to $1,185.68 an ounce by 0040 GMT. In the previous session, the metal fell 2 percent to touch a 9-1/2-month low of $1,181.45.
* U.S. gold futures fell 0.5 percent to $1,184 per ounce.
* The dollar index, which measures the greenback against a basket of currencies, was up 0.1 percent at 101.780.
* New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter.
* Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed’s Nov. 1-2 meeting showed.
* Gold is highly sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding assets such as bullion while boosting the dollar, in which it is priced.
* Russia and Kazakhstan continued to boost their gold reserves in October, data from the International Monetary Fund showed on Wednesday.
* Zimbabwe’s mining chamber said on Wednesday it expected the government to further defer or scrap altogether a 15 percent tax on raw platinum ore exports because mining companies had made enough progress towards building smelters.
* Zimbabwe recorded a 14 percent rise in gold production and a 20 percent rise in platinum output during the first nine months of this year despite weak commodity prices and cash shortages, the mining chamber said on Wednesday.
* Societe Generale on Wednesday lowered its gold forecasts and expects the metal to average $1,300 per ounce in 2017, $1,275 in 2018.
* SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its holdings fell 1.47 percent to 891.57 tonnes on Wednesday from Tuesday.