PRECIOUS-Gold price companies, supported by greenback retreat

(Provides analyst feedback, updates costs)

* European equities acquire on easing virus curbs

* Fed minutes due at 1900 GMT

* Interactive graphic monitoring world unfold of coronavirus:
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in an exterior browser

By Diptendu Lahiri and Asha Sistla

Nov 25 (Reuters) – Gold

Spot gold rose 0.2% to $1,811.00 per ounce by 0914
GMT. On Tuesday, it hit its lowest since July 17 at $1,800.01.

U.S. gold futures also rose 0.2% to $1,808.80 per
ounce.

“It’s clearly bargain hunting at present. Prices have fallen
over $150 in the past two weeks and investors are grabbing this
opportunity to take positions,” said Robin Bhar, an independent
analyst.

The dollar index eased 0.2%, making bullion cheaper
to other currency holders. [USD/]

Sunilkumar Katke, head of currencies and commodities at Axis
Securities, said the weaker dollar was a good opportunity for
investors who missed buying gold in March. “The strategy is
‘sale on rise’ in the very short term,” he said.

Analysts do not expect an immediate recovery in gold with
equities powering to record highs, boosted by optimism about a
COVID-19 vaccine and a clean energy transition in Washington.
[.EU] [MKTS/GLOB]

However StoneX analyst Rhona O’Connell stated consolidation within the
gold price was probably as “a vaccine is just not a remedy and the
acceleration in charges of an infection is a serious fear, not simply
humanitarian but additionally financial. Detrimental rates of interest will
persist.”

Decrease rates of interest scale back the chance value of holding
non-yielding gold, which has gained greater than 18% this yr
given its standing as a hedge towards probably inflation spurred by
the large stimulus unleashed globally.

Costs ought to rise once more as “extra proof of inflation
emerges,” Gold

Investors await minutes from the U.S. Federal Reserve’s last
meeting due at 1900 GMT.

Keywords: GLO(BA)L PRECIOUS/ (UPDATE 3)

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