Gold steady as dollar retreat offsets firmer Treasury yields

May 17 (Reuters) - Gold prices were steady on Tuesday as a pullback in the dollar supported demand for greenback-priced bullion, although the metal's strength was partially offset by a recovery in U.S. Treasury yields.


* Spot gold XAU= held its ground at $1,825.66 per ounce, as of 0046 GMT. U.S. gold futures GCv1 gained 0.6% to $1,825.00.

* The dollar =USD index moved lower for a second straight session, having hitting a 20-year peak last week, with the global economy in focus after weak economic data from China highlighted worries about the prospects for a global slowdown.

* A weaker dollar makes gold more attractive for buyers holding other currencies.

* However, benchmark U.S. 10-year Treasury yields climbed, limiting demand for non-interest-bearing gold.

* Gold rose slightly on Monday as a fall in Treasury yields lifted prices after they slid to a 3-1/2-month low earlier in the day.

* Spot silver XAG= was flat at $21.59 per ounce, and platinum XPT= edged up 0.1% to $946.85, while palladium XPD= fell 0.4% to $2,018.15.

* Improving demand and lower supply will help palladium and rhodium swing back into deficit this year and reduce platinum's surplus, consultants Metals Focus said on Monday.


0600 UK

Claimant Count Unem Chng Apr

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ILO Unemployment Rate


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GDP Flash Estimate QQ/YY Q1

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Retail Sales MM


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1700 Speech by ECB president Christine Lagarde at event

organised by Soroptimist International - Club Darmstadt in

Darmstadt Germany

1800 Federal Reserve Chair Jerome Powell participates in

conversation before the Wall Street Journal Future of

Everything Festival

Reporting by Bharat Govind Gautam in Bengaluru; Editing by Sherry Jacob-Phillips

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