Feb 22 (Reuters) - Gold inched up on Friday as optimism over
U.S.-China trade talks pressured the dollar, but signs the U.S.
Federal Reserve could raise interest rates again this year kept prices
below 10-month highs hit this week.
* Spot gold had risen 0.11 percent to $1,324.63 per ounce by
0053 GMT, after touching its strongest in 10 months on Wednesday at $1,346.73.
* U.S. gold futures were steady at $1,327.5 per ounce.
* The dollar index against a basket of six major currencies was
little changed at 96.582 after edging up about 0.15 percent
overnight when long-term Treasury yields surged to a one-week high
amid news of progress in U.S.-China trade talks.
* Top U.S. and Chinese trade negotiators resumed high-level talks
on Thursday to hash out a deal that could end their trade war, just
over a week before a U.S.-imposed deadline to reach agreement expires
and triggers a new round of tariffs.
* Meanwhile, in the minutes of its Jan. 29-30 meeting, the Fed
said the U.S. economy and its labour market remained strong, prompting
some expectations of at least one more rate hike this year. Higher
rates tend to weigh on non-yielding gold.
* U.S. President Donald Trump and North Korean leader Kim Jong Un
will hold their second summit in the Vietnamese capital of Hanoi on
* Britain and the European Union on Thursday played down the
chances of clinching an immediate Brexit divorce deal but diplomats
said they were edging closer to a legal compromise that Prime Minister
Theresa May hopes will win over the British parliament.
* Russia Raised Gold Holdings by 6.2 Tonnes in January -IMF.
* SPDR Gold Trust , the world's largest gold-backed
exchange-traded fund, said its holdings fell 0.63 percent to 789.51
tonnes on Thursday from 794.50 tonnes on Wednesday.
* U.S. gold miner Newmont Mining Corp beat analyst estimates
for quarterly profit on Thursday, boosted by higher gold production in
its Colorado and Ghana mines and lower costs.
* Workers led by South Africa's Association of Mineworkers and
Construction Union (AMCU) plan to down tools at gold and platinum
mines next week in support of colleagues at Sibanye-Stillwater who
are striking over wages and job cuts.
* The world's biggest undeveloped gold and copper mining project,
planned in southwestern Alaska near the largest fishery for sockeye
salmon globally, moved a step closer to approval on Wednesday after
the U.S. Army Corps of Engineers released a draft environmental impact
DATA AHEAD (GMT) 0700 Germany GDP Detailed Q4
0900* Germany Ifo Business Climate New Feb 0900* Germany Ifo Curr
Conditions New Feb 0900* Germany Ifo Expectations new Feb 1000
Euro Zone HICP Final Jan 1100 U.K. CBI Distributive
Trades Feb U.S. Federal Reserve Vice Chairman Richard Clarida
speaks before the 2019 Monetary Policy Forum in New York
(Reporting by Karthika Suresh Namboothiri in Bengaluru; Editing by
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