Aug 14 (Reuters) - Gold prices inched up on Wednesday as
markets eyed ongoing political and trade turbulence, even as a
U.S. decision to delay tariffs on some Chinese goods boosted
risk appetite.
FUNDAMENTALS
* Spot gold XAU= was up 0.1% at $1,502.03 per ounce at
0047 GMT.
* Gold fell as much as 2% in the previous session, before
recovering to close at a loss of 0.7%. * U.S. gold futures GCcv1 fell 0.1% to $1,513.10 an ounce.
* On Tuesday, U.S. President Donald Trump backed off his
Sept. 1 deadline for 10% tariffs on some Chinese imports,
boosting equity markets. * The dollar index .DXY , which tracks the greenback
against a basket of six major rivals, versus a basket of six
major currencies advanced 0.4% on Tuesday. USD/
* The 10-year U.S. Treasury note US10YT=RR climbed 6 basis
points overnight, pushing away from a three-year low touched a
week ago. US/
* Protests in Hong Kong, uncertainty about Brexit, and the
sustained Sino-U.S. trade war still trouble markets.
* Investors are focused on the Federal Reserve's annual
symposium next week. Traders see a 91.2% chance of a 25
basis-point rate cut by the Fed this September. FEDWATCH
* SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings fell 1.31% to 836.66
tonnes on Tuesday from 847.77 tonnes on Monday. GOL/ETF
DATA AHEAD (GMT)
* 0200 China Urban Investment y-to-d YY July
* 0200 China Industrial Output YY July
* 0200 China Retail Sales YY July
* 0630 India WPI Inflation YY July
* 0830 UK CPI YY July
* 0900 EU GDP Flash Estimate QQ, YY Q2