PRECIOUS-Gold extends losses as equities rise on Brexit delay

Reuters

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    March 15 (Reuters) - Gold prices edged down on Friday after
slipping below the key $1,300 level in the previous session,
pressured by improving appetite for risk as British lawmakers
voted to seek a delay to the country's exit from the European
Union. 
                           
    FUNDAMENTALS
    * Spot gold  XAU=  was down 0.1 percent at $1,295.29 per
ounce by 0130 GMT, extending a 1-percent decline from the day
before.
    * U.S. gold futures  GCv1  were flat at $1,295.20 an ounce.
    * The dollar  .DXY  was steady against major currencies,
after rising for the first time in five sessions on Thursday.
 USD/ 
    * Asian stocks made modest gains on Friday, tracking
improved global sentiment after the vote to delay Brexit and as
a weaker yen supported Japanese shares, but a fresh flare up in
U.S.-China trade concerns is expected to cap gains.  MKTS/GLOB 
    * British lawmakers voted overwhelmingly on Thursday to seek
a delay in Britain's exit from the European Union, setting the
stage for Prime Minister Theresa May to renew efforts to get her
divorce deal approved by parliament next week.  urn:newsml:reuters.com:*:nL8N2112BD
    * A summit to seal a trade deal between U.S. President
Donald Trump and Chinese President Xi Jinping will not happen at
the end of March as previously discussed because more work is
needed in U.S.-China negotiations, Treasury Secretary Steven
Mnuchin said on Thursday.  urn:newsml:reuters.com:*:nL1N2110ZG
    * The U.S. Senate on Thursday rebuked Trump by voting to end
his border emergency declaration, as 12 Republicans joined
Democrats to deliver a second blow in as many days to the
president, who quickly pledged a veto.  urn:newsml:reuters.com:*:nL1N2110AR
    * The number of Americans filing applications for
unemployment benefits increased more than expected last week,
suggesting the labour market was slowing, while new home sales
fell more than expected in January.  urn:newsml:reuters.com:*:nL1N2101BE
    * The Bank of Japan is likely to stand pat on monetary
policy on Friday but temper its optimism that robust exports and
factory output will underpin growth, a nod to heightened
overseas risks that threaten to derail a fragile economic
recovery.  urn:newsml:reuters.com:*:nL3N2115QE
    * South Africa's total mining output fell 3.3 percent
year-on-year in January compared to a revised 4.1 percent
contraction in December, Statistics South Africa said on
Thursday.  urn:newsml:reuters.com:*:nJ8N20100V
    
    DATA AHEAD (GMT)
1000 Euro zone Consumer prices (HICP)(Feb)
1100 Euro zone Reserve Assets Total (Feb)
1315 U.S.      Industrial Production (Feb)        
Bank of Japan Monetary policy meeting (March 14-15)

 (Reporting by K. Sathya Narayanan in Bengaluru; Editing by
Joseph Radford)
 ((Sathya.Narayanan@thomsonreuters.com; within U.S. +1 651 848
5832, outside U.S. +91 80 6749 3226/1298; Reuters Messaging:
sathya.narayanan.thomsonreuters.com@reuters.net))

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