Sept 26 (Reuters) - Gold prices held steady on Monday as the dollar fell against the yen, with markets shifting their focus towards U.S. politics ahead of a presidential debate.
FUNDAMENTALS
* Spot gold
XAU=
had edged up 0.1 percent to $1,338.82 an ounce by 0052 GMT.
* U.S. gold futures
GCcv1
gained 0.1 percent to $1,343.10 an ounce.
* The U.S. presidential debate between Republican Donald Trump and Democrat Hillary Clinton will take place at 0100 GMT on Tuesday, with investors looking for indications of who could win the race to lead the world's biggest economy.
* The dollar was down 0.3 percent at 100.75 yen
JPY=
.
* Boston Federal Reserve President Eric Rosengren said on Friday that he believed interest rates should be raised gradually now and warned that a fall in the unemployment rate below its sustainable level could derail economic recovery in the United States.
urn:newsml:reuters.com:*:nL2N1BZ0LB
* The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labour market outlook, comments from policymakers on Friday suggest.
urn:newsml:reuters.com:*:nL2N1BZ1FH
* Appetite is low for a big European Central Bank policy shift so any change is likely to be just an adjustment of the current asset buying scheme and not a big overhaul, conversations with six sources on or close to the Governing Council indicate.
urn:newsml:reuters.com:*:nL3N1BZ3I6
* Hedge funds and money managers cut their net long position in COMEX gold for the second straight week in the week to Sept. 20, ahead of the U.S. Fed policy meeting, U.S. Commodity Futures Trading Commission data showed.
urn:newsml:reuters.com:*:nL2N1BZ1NA
* Holdings of the SPDR Gold Trust
GLD
, the world's largest gold-backed exchange-traded fund, rose 0.03 percent to 951.22 tonnes on Friday.
GOL/ETF
* Asian physical gold demand remained subdued last week ahead of a national holiday in China and amid what is considered an inauspicious period before the festival season begins in October in India.
GOL/AS
* For the top stories on metals and other news, click
TOP/MTL
or
GOL
MARKET REPORT
* Asian shares began the week under a cloud on Monday after losses on Wall Street, as investors' attention turned from central banks to the first U.S. presidential debate.
MKTS/GLOB
* Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers.
O/R
(Reporting by Swati Verma in Bengaluru; Editing by Joseph Radford) ((Swati.Verma@thomsonreuters.com; within U.S. +1 651 848 5832, outside U.S. +91 80 6749 6356/1298 ; Reuters Messaging: swati.verma.thomsonreuters.com@reuters.net))
((Reuters Terminal users can see related news and prices by clicking on the codes in brackets: All precious metals headlines
GOL
Precious metals market reports
GOL/
European gold prices
GOLD/EU1
GOLD/EU2
0#PREC
London Bullion Market Association
LBMA01
New York Comex gold
0#GC:
and silver
0#SI:
New York platinum
0#PL:
and palladium
0#PA:
Asian gold prices
GOLD/ASIA1
0#PREC
Shanghai Gold Exchange prices
SGE/MENU
Hong Kong gold exchange prices
HKGG
Indian bullion prices
INBULL
0#PREC-IN
Japanese producer prices
JP/PROD1
For Related News and other topics, click on one of these codes: SPEED GUIDES
COMMOD
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FUNDAMENTALS
* Spot gold
* U.S. gold futures
* The U.S. presidential debate between Republican Donald Trump and Democrat Hillary Clinton will take place at 0100 GMT on Tuesday, with investors looking for indications of who could win the race to lead the world's biggest economy.
* The dollar was down 0.3 percent at 100.75 yen
* Boston Federal Reserve President Eric Rosengren said on Friday that he believed interest rates should be raised gradually now and warned that a fall in the unemployment rate below its sustainable level could derail economic recovery in the United States.
* The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labour market outlook, comments from policymakers on Friday suggest.
* Appetite is low for a big European Central Bank policy shift so any change is likely to be just an adjustment of the current asset buying scheme and not a big overhaul, conversations with six sources on or close to the Governing Council indicate.
* Hedge funds and money managers cut their net long position in COMEX gold for the second straight week in the week to Sept. 20, ahead of the U.S. Fed policy meeting, U.S. Commodity Futures Trading Commission data showed.
* Holdings of the SPDR Gold Trust
* Asian physical gold demand remained subdued last week ahead of a national holiday in China and amid what is considered an inauspicious period before the festival season begins in October in India.
* For the top stories on metals and other news, click
MARKET REPORT
* Asian shares began the week under a cloud on Monday after losses on Wall Street, as investors' attention turned from central banks to the first U.S. presidential debate.
* Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers.
(Reporting by Swati Verma in Bengaluru; Editing by Joseph Radford) ((Swati.Verma@thomsonreuters.com; within U.S. +1 651 848 5832, outside U.S. +91 80 6749 6356/1298 ; Reuters Messaging: swati.verma.thomsonreuters.com@reuters.net))
((Reuters Terminal users can see related news and prices by clicking on the codes in brackets: All precious metals headlines