Aug 7 (Reuters) - Gold prices edged up on Wednesday as the
ongoing trade tensions between the United States and China
continued to boost the appeal of safe-haven assets.
FUNDAMENTALS
* Spot gold XAU= rose 0.2% to $1,476.91 per ounce as of
0114 GMT.
* On Monday, gold surged 2% to its highest level in more
than six years. * U.S. gold futures GCcv1 rose 0.2% to $1,487.60 an ounce.
* Goldman Sachs said it no longer expects a trade deal to be
struck before the 2020 U.S. presidential election, while Morgan
Stanley warned that more tit-for-tat tariffs could tip the world
economy into recession by the middle of next year. MKTS/GLOB
* A Federal Reserve official on Tuesday said it was
appropriate to "wait and see" how upcoming data "roll in" before
deciding whether rates should be cut again at the Fed's next
meeting in September. * Kudlow, director of the White House National Economic
Council, said on Tuesday the Trump administration wants to
continue trade talks with China and is still planning to host a
Chinese delegation for talks in September. * SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings rose 0.21% to 836.92
tonnes on Tuesday from 835.16 tonnes on Monday. GOL/ETF
* New Zealand's central bank is expected to cut interest
rates to a record low of 1.25% on Wednesday, but strong
unemployment data released on Tuesday suggests the economy may
not be as bad as some had speculated. AHEAD(GMT)
* 0600 Germany Industrial Output MM June
* 0900 India Cash Reserve Ratio Aug 7
* 0900 India Repo Rate Aug 7
* 0900 India Reverse Repo Rate Aug 7