Gold futures mark a modest retreat on Monday, as a pickup in Treasury yields and the dollar help to dull appetite for the precious commodity.
* Oil exporting currencies gain * Latam stocks rise in early trade By Ambar Warrick Dec 6 (Reuters) - Latin American currencies moved little on Monday as uncertainty over the Omicron coronavirus variant kept sentiment subdued, while investors feared a spillover from a potential default in China's property market. Concern of contagion from any default in China's property market intensified as China Evergrande Group set up a risk management committee, and was likely headed towards debt restructuring amid a serious liquidity crunch.
Zambia's IMF programme to try to get its global debt mountain back under control will include removing unsustainable subsidies on energy and agriculture, Finance Minister Situmbeko Musokotwane and the lending institution said on Monday. The International Monetary Fund and Zambia on Friday reached a staff level agreement on a $1.4 billion, three-year extended credit facility, which could bring the heavily indebted country one step closer to a comprehensive debt overhaul. Musokotwane said Zambia was committed to bringing debt to sustainable levels, but that the removal of subsidies would mean price increases, something which could prove politically contentious.