Nov 29 (Reuters) - Gold prices edged higher on Monday, as
concerns over the impact of the possibly vaccine-resistant
Omicron coronavirus variant supported the precious metal's
* Spot gold rose 0.1% to $1,793.72 per ounce by 0201
GMT. U.S. gold futures advanced 0.4% to $1,793.2.
* The Omicron coronavirus variant spread around the world on
Sunday, with new cases found in the Netherlands, Denmark and
Australia even as more countries imposed travel restrictions to
try to seal themselves off.
* The euro zone is better equipped to face the economic
impact of a new wave of COVID-19 infections or the Omicron
variant, European Central Bank President Christine Lagarde said.
* Atlanta U.S. Federal Reserve President Raphael Bostic said
on Friday he is hopeful that the momentum of the U.S. economy
will carry it through the next wave of the pandemic, and said he
remains open to accelerating the pace of the central bank's bond
* Reduced stimulus and interest rate hikes tend to push
government bond yields up, raising the opportunity cost of gold,
which pays no interest.
* Japan's retail sales rose for the first time in three
months in October, though less than expected, and the underlying
private consumption trend pointed to persistent strains on a
fragile economic recovery despite an easing of COVID-19 curbs.
* Physical gold demand picked up in major Asian hubs last
week helped by a retreat in prices, with dealers in India
preparing for a likely spurt in buying as the wedding season
* Spot silver rose 1.1% to $23.38 per ounce. Platinum
gained 2.3% to $976.01, while palladium was up
2.7% at $1,794.69.
(Reporting by Nakul Iyer in Bengaluru; Editing by Rashmi Aich)