Oct 28 (Reuters) - Gold was unchanged on Monday, after
climbing nearly 1% in the previous session, as trade tensions
between the United States and China eased, while a strong dollar
also capped gains.
FUNDAMENTALS
* Spot gold XAU= was steady at $1,504.60 per ounce as of
0059 GMT. U.S. gold futures GCcv1 were up 0.1% at $1,507.40
per ounce.
* U.S. President Donald Trump on Friday said the U.S. was
doing very well in its trade negotiations with China and that
China wants to make a deal "very badly." * Both U.S. and China have imposed a series of tit-for-tat
tariffs over the past 15 months, stirring global recessionary
fears and driving gold prices over 17% higher this year.
* The trade war between the two countries has hit financial
markets and forced most major central banks to cut interest
rates this year.
* Federal fund futures imply that traders see a 90.4% chance
for a 25 basis point rate cut by the U.S. central bank in its
month-end monetary policy meeting. FEDWATCH
* The dollar index .DXY , which measures the greenback
against a basket of other currencies, rose nearly 0.6% last
week.
* Asian shares rose on Monday to a three-month high as
appetite for riskier assets got a boost from hopes of a
U.S.-China trade deal being sealed as soon as next month.
MKTS/GLOB
* Hong Kong anti-government protesters set fire to shops and
hurled petrol bombs on Sunday, police said, after riot police
fired tear gas, water cannon and rubber bullets to disperse
thousands in the Tsim Sha Tsui harbour-front hotel district.
* The European Union agreed on Friday to London's request
for a Brexit deadline extension but set no new departure date,
giving Britain's divided parliament time to decide on Prime
Minister Boris Johnson's call for a snap election. * Hedge funds and money managers raised their bullish
positions in COMEX gold and silver contracts in the week to Oct.
22, the U.S. Commodity Futures Trading Commission (CFTC) said on
Friday. * Holdings of the largest gold-backed exchange-traded-fund
(ETF), New York's SPDR Gold Trust GLD and the largest
silver-backed ETF, New York's iShares Silver Trust SLV , have
remained unchanged on Thursday from Wednesday. GOL/ETF
DATA/EVENTS (GMT)
0800 EU Money-M3 Annual Growth Sept
1100 UK CBI Distributive Trades Oct