Gold has edged lower in overnight trade,.......>

GOLD: Gold has edged lower in overnight trade, last trading ~$6/oz or so lower

at $1,556/oz, unwinding a portion of Friday's gains, which were supported by the

release of December's U.S. labour market report (with focus on the softer than

expected wage growth metrics).

- USD/Asia drifted lower as USD/CNH cracked below CNH6.9000, with the major U.S.

equity index futures trading on the front foot, although the sharpest move for

gold came around the time of the Chinese futures open. Little in the way of

clear catalysts were observed in Asia-Pac hours, with some pointing to the

impending signing of the Phase 1 Sino-U.S. trade deal as stoking optimism amid

lower liquidity, owing to the Japanese holiday.

- Bears look to the Jan 9 low at $1,540.3/oz, while bulls will want to breach

Friday's highs at $1,563.1/oz.