Dec 5 (Reuters) - Gold prices steadied on Thursday as the
U.S. dollar slipped on the back of a weaker-than-expected job
growth data, despite positive signals from Sino-U.S. trade
talks.
FUNDAMENTALS
* Spot gold XAU= rose 0.1% to $1,475.37 per ounce by 0100
GMT. Prices had hit $1,484 in the previous session, their
highest level since Nov. 7.
* U.S. gold futures GCv1 rose 0.1% to $1,481.00.
* U.S. President Donald Trump said on Wednesday that trade
talks with China were going "very well," sounding more positive
than on Tuesday when he said a trade deal might have to wait
until after the 2020 U.S. presidential election. * The world's top two economies are moving closer to
agreeing on the amount of tariffs to be rolled back in a
phase-one trade deal, Bloomberg reported on Wednesday, citing
sources. * The dollar index .DXY was down against a basket of
rivals, falling for a fifth-consecutive session, making gold
cheaper for holders of other currencies. USD/
* Asian stocks rose on optimism of a trade deal. MKTS/GLOB
* U.S. private employers added the fewest jobs in six months
in November, a report by a payrolls processor showed on
Wednesday. * Japanese manufacturers turned less gloomy about their
business conditions in December while the service sector outlook
improved from the prior month's survey, the Reuters Tankan poll
showed. * The U.S. threatened to hit France with up to 100% tariffs
on $2.4 billion of U.S. imports of products, including cosmetics
and porcelain. * Polish central bank governor Adam Glapinski on Wednesday
said it would be good to increase the ratio of gold in the
central bank's reserves to 20% from current around 10%.
* Gold miners look set to extend a deal spree after notching
transactions worth a record $30.5 billion this year, according
to data. * Holdings of the world's largest gold-backed
exchange-traded fund SPDR Gold Trust GLD , fell 0.07% to 888.57
tonnes on Wednesday from Tuesday. * Palladium XPD= rose 0.1% to $1,870.98 per ounce. Silver
XAG= rose 0.3% to $16.87 per ounce, while platinum XPT= was
up 0.4% to $898.03.
DATA/EVENTS (GMT)
0615 India Cash Reserve Ratio Dec 5
0615 India Repo Rate, Reverse Repo Rate Dec 5
0700 Germany Industrial Orders MM Oct
1000 EU GDP Revised QQ, YY Q3
1330 US International Trade Oct
1330 US Initial Jobless Claims Weekly
1500 US Factory Orders MM Oct