Nov 11 (Reuters) - Gold prices edged up on Monday, as mixed
signals from U.S.- China trade talks kept investors cautious,
although disappointing China factory data provided support.
FUNDAMENTALS
* Spot gold XAU= was up 0.3% at $1,462.46 per ounce by
0110 GMT, after touching a three-month low in the previous
session.
* U.S. gold futures GCv1 were flat, at $1,463.30 per
ounce.
* Trade talks with China were moving along "very nicely,"
U.S. President Donald Trump said on Saturday, but the United
States would only make a deal with Beijing if it was the right
deal for America. * Although a Sino-U.S. trade war could ease somewhat, wider
conflicts between the world's two largest economies will
continue, Lou Jiwei, a former Chinese finance minister, said.
* The trade war has roiled financial markets and spurred
fears of a global economic slowdown, pushing the precious metal
nearly 14% higher this year.
* The United States and China had agreed to roll back
tariffs on each others' goods as part of the first phase of a
trade deal, but Trump later denied any such agreement.
* The Chinese producer price index (PPI), seen as a key
indicator of corporate profitability, fell 1.6% in October from
a year earlier, its steepest decline since July 2016, National
Bureau of Statistics (NBS) data showed, outstripping analysts'
expectation of a 1.5% contraction. * Asian shares edged higher on Monday, after optimism around
trade talks with China, though uncertainty remained whether a
deal would be signed this year. MKTS/GLOB
* SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings fell 1.44% to 901.19
tonnes on Friday from Thursday's 914.38 tonnes. * Hedge funds and money managers cut bullish positions in
COMEX gold and silver contracts in the week to Nov. 5, the U.S.
Commodity Futures Trading Commission (CFTC) said. * Physical gold buying picked up in India as a correction in
prices revived demand in the world's second biggest consumer,
narrowing discounts to the lowest level in five months, while
buying interest was tepid elsewhere in Asia. UK GDP Est 3M/3M Sept
0930 UK GDP Estimate MM, YY Sept
0930 UK Manufacturing Output MM Sept
0930 UK GDP Prelim QQ, YY Q3
1200 India Industrial Output YY Sept