Gold

Gold: prices are little changed in Asia trade as investors await fresh macroeconomic and fundamental cues. Spot gold is trading at US$1,740.68/oz, down 92 cts from its previous settlement. UOBK notes there are not many catalysts for gold at the moment; notes gold's response to last month's announcement of further U.S. stimulus has so far been more muted than anticipated. Later Friday, gold could take direction from the outcome of an EU summit taking place in Brussels. While the U.S. stimulus will likely underpin prices in the medium term, lackluster physical demand in China could cap its upside, traders say.