UPDATE 3-Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor
* Honda says no final agreement on recall liabilities (Updates with details, comments; edits throughout)
* Palladium heads for first monthly decline since December * Silver falls after hitting one-month high on Tuesday (Recasts, updates prices) By Maytaal Angel LONDON, May 31 Gold edged higher on Wednesday as the dollar dipped and simmering geopolitical tensions lent support, though the metal was heading for its first monthly drop since December amid an increased chance of a U.S. interest rate rise next month. The dollar dipped versus a currency basket, with sterling recovering after a poll showed the Britain's ruling Conservative party still in the lead, overriding a previous projection of a hung parliament in elections next week. Still the dollar's losses were limited given U.S. consumer spending and inflation data published on Tuesday which pointed to improved domestic demand that should allow the Federal Reserve to raise interest rates next month. Higher rates reduce demand for non-interest bearing bullion and boost the U.S. dollar, making dollar-priced gold costlier for non-U.S. investors. "The market has been over-enthusiastic in terms of the weakness (seen in gold). Once the rate hike happens, people will focus on political uncertainty and on the physical support (for gold)," said Hamza Khan, head of commodities strategy at ING. "Fundamentally we favour the upside. We see prices at $1,350 (an ounce) for the third quarter, and $1,250 for the second quarter." Spot gold edged up 0.2 percent to $1,264.81 per ounce at 1346 GMT. It closed 0.3 percent lower on Tuesday after rising to a one-month high of $1,270.47. For the month, bullion is down 0.2 percent. U.S. gold futures were up 0.2 percent at $1,264.50. Traders see an 86.6 percent chance of a quarter-point rate hike at the Fed's June meeting, Thomson Reuters data shows. But some market participants say signs of softness in some economic data have raised questions about whether the Fed can hike interest rates two more times this year and begin shrinking its balance sheet. Another factor raising questions about rate hikes this year is the investigations into President Donald Trump's ties with Russia, which investors fear will hamper his administration's progress on tax cuts and other promised stimulus measures. "Precious metals remain supported on the back of a weaker dollar overnight. The range is likely to hold ahead of Friday’s (U.S.) employment numbers," KITCO METALS INC said in a note. In other precious metals, silver slipped 0.4 percent to $17.29 an ounce though was 0.4 percent higher for the month. Platinum was up 0.9 percent at $939.74 an ounce after falling 1.9 percent in the previous session in its biggest one-day percentage loss in nearly a month. Palladium was up 0.8 percent at $811.75 an ounce and on track for a monthly decline of 1.3 percent, its first monthly drop this year. (Additional reporting by Vijaykumar Vedala in Bengaluru; editing by David Clarke and David Evans)
(Corrects first bullet point to "high", not "low", and last bullet point to "this week", not "next week") BENGALURU, June 26 Gold prices were little changed on Monday as the market waited for a flurry of key U.S. economic data this week, with a weaker dollar offering some support. FUNDAMENTALS * Spot gold was nearly flat at $1,256.06 per ounce at 0050 GMT, staying near a one-week high hit on Friday. * U.S. gold futures for August delivery
June 25 Walt Disney's "presentation map," which the late animation entrepreneur drew in the 1950s to attract investors to the idea for his legendary theme park "Disneyland," sold for $708,000 at an auction of Disney memorabilia on Sunday.