(Corrects paragraph 1 to say gradual 'de-escalation' not 'progress'
in U.S.-China trade tensions)
Sept 12 (Reuters) - Gold prices fell on Thursday as equities
gained on improving risk sentiment buoyed by signs of gradual
de-escalation in U.S.-China trade tensions, while investors eyed
European Central Bank's meeting for cues on monetary policy easing.
* Spot gold fell 0.4% to $1,491.86 per ounce at 0117 GMT.
* U.S. gold futures were down 0.3% at $1,499.5 an ounce.
* Asian stocks rose on hopes for a thaw in U.S.-China trade
frictions and expectations that the ECB will kick off another wave of
monetary easing by global central banks.
* U.S. President Donald Trump on Wednesday welcomed China's
decision to exempt some U.S. anti-cancer drugs and other goods from
its tariffs and announced a delay to scheduled tariff hikes on
billions worth of Chinese goods.
* Trump called on the "boneheads" at the Federal Reserve
to push interest rates down into negative territory, a move
reluctantly used by other central banks to battle weak economic growth
that risks punishing savers and banks' earnings.
* U.S. producer prices unexpectedly rose in August, but the
overall trend in producer inflation remains tame, cementing financial
market expectations that the Federal Reserve will cut interest rates
again next week to support a slowing economy.
* The ECB is set to unveil fresh stimulus measures on Thursday to
prop up the ailing euro zone economy, but its exact moves are far from
certain and a decision that underwhelms markets risks, pushing up
* The ECB announces its rate decision at 1145 GMT, followed by ECB
President Mario Draghi's news conference at 1230 GMT.
* The British government's plans for a no-deal Brexit warn of
severe disruption to cross-Channel routes, affecting the supply of
medicines and certain types of fresh foods, and say that protests and
counter-protests will take place across the country, accompanied by a
possible rise in public disorder. DATA AHEAD 0600 Germany HICP
Final YY Aug 0645 France CPI (EU Norm) Final MM, YY
Aug 1145 EU ECB Refinancing Rate Sept 1145 EU
ECB Deposit Rate Sept 1200 India Industrial Output YY
July 1230 US CPI MM, SA Aug 1230 US
Initial Jobless Claims Weekly
(Reporting by Eileen Soreng in Bengaluru; Editing by Rashmi Aich)
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