Nov 8 (Reuters) - Gold prices on Friday hovered near a
one-month low hit in the previous session after China and the
United States agreed to roll back tariffs as part of the first
phase of a trade deal, stoking investors towards riskier assets.
FUNDAMENTALS
* Spot gold XAU= was flat at 1,467.92 per ounce at 0107
GMT after falling to its lowest level in over a month on
Thursday.
* U.S. gold futures GCv1 were up 0.2% at $1,469.60 per
ounce.
* China and the United States have agreed to roll back
tariffs on each others' goods as part of the first phase of a
trade deal, officials from both sides said on Thursday, offering
a new sign of progress despite ongoing divisions about the
months-long dispute. * However, the 'phase one' deal faced fierce internal
opposition at the White House and from outside advisers over
concerns whether rolling back tariffs will give away U.S.
leverage in the negotiations, multiple sources familiar with the
talks told Reuters. * The trade war between the two economies has roiled
financial markets and spurred fears of a global economic
slowdown, pushing the yellow metal over 14% higher this year.
* MSCI's gauge of stocks across the globe .MIWD00000PUS
rose slightly to stand at 543.70, near record high of 550.63
touched in January 2018. MKTS/GLOB
* In the bond markets, the benchmark 10-year note yields
US10YT=RR on Thursday rose to 1.973%, the highest since Aug.
1. US/
* Giving some positivity to the economic scenario, the
number of Americans filing applications for unemployment
benefits fell more than expected last week, consistent with
strong labor market conditions and continued job growth. * Meanwhile, the dollar index .DXY against a basket of six
major currencies stood at 98.136, also up 1% this week. USD/
DATA/EVENTS
0030 Australia Housing Finance Sept
0745 France Reserve Assets Total Oct
1500 US U Mich Sentiment Prelim Nov