Oct 22 (Reuters) - Gold prices eased on Tuesday as reports
that trade talks between Washington and Beijing were making
progress cheered markets, but a dearth of concrete signs kept
investors on the edge.
FUNDAMENTALS
* Spot gold XAU= was down 0.1% at $1,482.41 per ounce, as
of 0038 GMT. U.S. gold futures GCcv1 dropped 0.2% to
$1,485.80.
* U.S. President Donald Trump said on Monday that U.S.-China
trade talks were making progress, adding to a comment he made on
Friday that a trade deal will be signed by the time the
Asia-Pacific Economic Cooperation meetings take place in Chile
on Nov. 16-17. * White House adviser Larry Kudlow also said tariffs
scheduled for December could be withdrawn if progress is made.
* This cheered markets and pushed the benchmark S&P 500
stock index to within striking distance of a record high on
Monday. .N MSCI's broadest index of Asia-Pacific shares
outside Japan .MIAPJ0000PUS added a slight 0.1% in early trade
on Tuesday. MKTS/GLOB
* The risk-on sentiment in the market dented demand for the
bullion, often seen as an alternative investment during times of
political and financial uncertainty.
* Meanwhile, in the middle of delicate talks, China is
seeking $2.4 billion in retaliatory sanctions against the United
States for failing to comply with a World Trade Organization
ruling in a case that highlights White House complaints about
the global trade body. * The two major economies have imposed a series of
tit-for-tat tariffs over the past 15 months that have roiled
financial markets and fanned global recessionary fears.
* Investors now await a U.S. Federal Reserve meeting at the
end of the month that could offer further signs of monetary
easing. FED/DIARY
* Across the Atlantic, Britain's Prime Minister Boris
Johnson appealed to lawmakers on Monday to approve his Brexit
bill this week, saying neither he, the European Union or the
public wanted any more delays to Britain's departure from the
bloc. (GMT)
1000 UK CBI Trends - Orders Oct
1200 Brazil IPCA-15 Mid-Month CPI Oct
1400 US Existing Home Sales Sept