Jan 14 (Reuters) - Gold edged up on Wednesday, after a top
U.S. official said tariffs on China would stay until a Phase 2
deal is completed, ahead of the signing of an interim trade deal
between the two countries, while palladium scaled a record peak.
FUNDAMENTALS
* Spot gold XAU= rose 0.1% to $1,547.23 per ounce by 0117
GMT; prices had touched their lowest since Jan. 3 at $1,535.63
on Tuesday. U.S. gold futures GCv1 rose 0.2% to $1,547.80.
* Palladium XPD= was flat at $2,193.58 an ounce after
hitting a record peak of $2,204.29 earlier in the session.
* U.S. Treasury Secretary Steven Mnuchin said on Tuesday the
United States would keep in place tariffs on Chinese goods until
the completion of a Phase 2 trade deal. * Mnuchin also said, the first phase of a trade agreement
will be fully enforceable, including a pledge by China to
refrain from manipulating its currency. * China has pledged to buy almost $80 billion of additional
manufactured goods from the United States over the next two
years as part of a tariff war truce, according to a source,
though some U.S. trade experts call it an unrealistic target.
* Asian stocks trod water as investors awaited signing of
the Phase 1 deal, although comments from Mnuchin on tariffs
somewhat cooled investor sentiment and triggered profit-taking.
MKTS/GLOB
* U.S. consumer prices rose slightly in December even as
households paid more for healthcare, and monthly underlying
inflation slowed. * The Federal Reserve Bank of New York said on Tuesday it
will continue to inject liquidity into the overnight lending
markets for cash until at least mid-February while slightly
reducing offerings on longer term loans. * Resolute Mining Ltd said on Wednesday it will sell its
Ravenswood Gold mine for up to A$300 million ($207 million) to a
consortium led by resource-focused private equity firm EMR
Capital. * Elsewhere, silver XAG= shed 0.1% to $17.78 per ounce,
while platinum XPT= advanced 0.2% to $985.00.
DATA/EVENTS (GMT)
0745 France CPI (EU Norm) Final MM, YY Dec
0930 UK CPI YY Dec
1100 EU Reserve Assets Total Dec
1900 US Federal Reserve issues the Beige Book