Nov 6 (Reuters) - Worries that a long-awaited trade deal
between the United States and China could be delayed until
December made investors cautious, keeping gold prices steady on
Thursday.
FUNDAMENTALS
* Spot gold XAU= edged 0.06% higher to 1,490.89 per ounce
by 0107 GMT, while U.S. gold futures GCv1 were down 0.1% at
$1,491.70 per ounce.
* A senior official of the Trump administration told Reuters
on Wednesday a meeting between U.S. President Donald Trump and
Chinese President Xi Jinping to sign a long-awaited interim
trade deal could be delayed until December as discussions
continue over terms and venue. * China was pushing Trump to remove more tariffs imposed in
September as part of a "phase one" trade deal, people familiar
with U.S.-China trade talks said this week. * The 16-month-long trade war between the United States and
China has roiled financial markets and sparked fears of a global
economic slowdown, pushing the safe-haven bullion more than 16%
higher this year.
* Asian shares paused near multi-month peaks on Thursday,
while bonds gained as reports of delays in Sino-U.S. trade talks
left investors frustrated at the lack of concrete progress.
MKTS/GLOB
* Yields on benchmark U.S. 10-year notes US10YT=RR fell
back to 1.82% from a two-month top of 1.87%. US/
* Latest economic data from the U.S. showed nonfarm
productivity fell at a 0.3% annualized rate between July and
September. Analysts had expected productivity growth of 0.9%
during the quarter. * However, Chicago Federal Reserve President Charles Evans
said on Wednesday that the U.S. economy is in a good place but
the path of inflation will be important in deciding the future
path of interest rates. * The Fed cut interest rates for the third time this year
last week in a bid to boost the economy amid fears of a global
slowdown.
* Euro zone economic growth is set to slow more than
expected as the bloc's manufacturing crisis could spill over to
the larger services sector under protracted global trade
tensions, the International Monetary Fund said on Wednesday.
Australia Trade Balance G&S (A$) Sept
0700 Germany Industrial Output MM Sept
0830 UK Halifax House Prices MM Oct
1200 UK BOE Bank Rate Nov
1200 UK GB BOE QE Corp Nov
1330 US Initial Jobless Claims Weekly