Gold and Silver Updates

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 (Provides feedback, particulars, updates costs)
    * Gold's value motion has consolidated- analyst
    * Powell sees no motive to change Fed's accommodative stance
    * Platinum up over 4% up to now this week
    * Interactive graphic monitoring world unfold of coronavirus:
tmsnrt.rs/3mvcUoa

    By Sumita Layek
    Jan 15 (Reuters) - Gold rose on Friday as prospects of a
substantial U.S. pandemic aid bundle boosted the metallic's
attraction as an inflation hedge, whereas the Federal Reserve's dovish
stance on financial coverage additionally supported costs. 
    Spot gold        rose 0.3% to $1,851.14 per ounce by 0251
GMT, whereas U.S. gold futures        had been flat at $1,851.20.    
    "The stimulus goes to be bullish for asset markets and
with the Fed chair quashing any prospects of elevating curiosity
charges or dialling down bond shopping for anytime quickly, has given some
help to gold," mentioned Jeffrey Halley, a senior market analyst
at OANDA.
    U.S. President-elect Joe Biden unveiled a $1.9 trillion
stimulus bundle proposal on Thursday designed to jump-start the
economic system and speed up the distribution of coronavirus vaccines.
            
    Powell on Thursday mentioned there is no such thing as a motive to change the
central financial institution's extremely accommodative stance with the U.S. economic system
nonetheless removed from its inflation and employment objectives.             
    Straightforward central financial institution financial coverage provides stress on
authorities bond yields and advantages gold, which can also be
thought-about a hedge in opposition to inflation.
    However the value motion in gold has consolidated and it isn't
exhibiting any indicators of making an attempt to interrupt out to the upside, Halley
mentioned, including U.S. yields will transfer up once more and put gold underneath
stress.
    Benchmark 10-year Treasury yields             eased after
touching a 10-month excessive earlier within the week, whereas Asian shares
rose.                 
    "Gold's upside seems constrained amid rising yield and
buoyant dangerous belongings. Nevertheless, a weaker U.S. greenback, stimulus
expectations and depressed actual rates of interest ought to stay
supportive," ANZ analysts mentioned in a word.
    Silver        rose 0.3% to $25.59 an oz.. Platinum       
eased 0.8% to $1,108.92, however was up over 4% up to now this week,
whereas palladium        held regular at $2,408.06.

 (Reporting by Sumita Layek in Bengaluru; Modifying by
Ramakrishnan M.)
  

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