Gold prices were muted early Friday as the dollar extended gains from the previous session when strong U.S. inflation data and trade war concerns boosted demand for the greenback. FUNDAMENTALS
* Spot gold
* U.S. gold futures
* The U.S. dollar hit a six-month high against the Japanese yen
* U.S. consumer prices recorded their largest increase in nearly 6-1/2 years in the year through June, while the monthly pace continued to suggest a steady buildup of inflation that could keep the Federal Reserve on a path of gradual interest rate increases.
* Fed Chairman Jerome Powell said he believes the U.S. economy remains in a "good place," with recent government tax and spending programs likely to boost gross domestic product for perhaps three years.
* Asian shares rose on Friday following gains on Wall Street overnight, as concerns over an escalating U.S. trade war with China took a breather. [MKTS/GLOB]
* The United States and China could reopen talks on trade but only if Beijing is willing to make significant changes, U.S. Treasury Secretary Steven Mnuchin said on Thursday.
* Kim Jong Un told President Donald Trump he believed their efforts could open up a "new future" between North Korea and the United States and expressed hope for "practical actions" in the future, according to a letter from the North Korean leader released on Thursday.
* The European Central Bank will keep rates at a record low for as long as needed to raise inflation, and its interest rate guidance should be seen as "open-ended", policymakers concluded in June, according to minutes of their meeting published on Thursday.
* The European Commission on Thursday cut its forecasts for the euro zone`s economic growth this year, citing among the top causes for its revision trade tensions with the United States and rising oil prices which push the bloc`s inflation higher.
* SPDR Gold Trust
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)