Aug 15 (Reuters) - Gold prices rose on Thursday as an
inverted U.S. bond yield curve alarmed investors about rising
recession risks, while the protracted Sino-U.S. trade war added
to fears of a global economic slowdown, increasing the appeal
for safe-haven assets.
FUNDAMENTALS
* Spot gold XAU= was up 0.3% at $1,520.19 per ounce at
0100 GMT.
* U.S. gold futures GCcv1 fell 0.1% to $1,526.80 an ounce.
* The U.S. Treasury yield curve US2US10=TWEB temporarily
inverted on Wednesday for the first time since 2007, an
indication that is widely seen by investors as a sign of an
upcoming U.S. recession. USD/
* Economic data from China and Germany suggested a slowing
global economy, hit by the unabating U.S.-China trade war,
Brexit and geopolitical tensions. * On Wednesday, U.S. officials said China has made no trade
concessions after U.S. President Donald Trump postponed the 10%
tariffs on over $150 billion worth of Chinese imports, the
latest sign that efforts to reach a trade deal were going
nowhere. * The MSCI All Country World Price index .MIWD00000PUS ,
which incorporates readings of 49 equity markets across the
world, shed 2.1% to its lowest level since June 4. MKTS/GLOB
* The dollar index .DXY , which measures its value against
a basket of six major currencies, was little changed after a
0.2% gain on Wednesday. USD/
* Investors are focused on the Federal Reserve's annual
symposium next week. Traders see an about 74% chance of a 25
basis-point rate cut by the Fed this September. FEDWATCH
* SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings rose 0.91% to 844.29
tonnes on Wednesday. GOL/ETF
DATA AHEAD (GMT)
* 0130 Australia Employment July
* 0830 UK Retail Sales MM, YY July
* 1000 EU Reserve Assets Total July
* 1230 US Initial Jobless Claims Weekly
* 1230 US Philly Fed Business Index August
* 1230 US Retail Sales MM July
* 1315 US Industrial Production MM July