Aug 11 (Reuters) - Gold prices fell on Tuesday, weighed down
by a stronger dollar as investors focused on the fiscal stimulus
plan in the United States and escalating U.S.-China tensions
ahead of key trade talks later this week.
FUNDAMENTALS
* Spot gold XAU= was down 0.3% at $2,021.32 per ounce by
0031 GMT. U.S. gold futures GCv1 eased 0.3% to $2,033.60.
* The dollar index .DXY rose 0.1% to hold near a one-week
high against its rivals, making gold more expensive for holders
of other currencies. USD/
* China imposed sanctions on 11 U.S. citizens including
lawmakers from President Donald Trump's Republican Party in
response to Washington's imposition of sanctions on Hong Kong
and Chinese officials accused of curtailing political freedoms
in the former British colony. * U.S. Treasury Secretary Steven Mnuchin said companies from
China and other countries that do not comply with accounting
standards will be delisted from U.S. stock exchanges as of the
end of 2021. * U.S. congressional leaders and Trump administration
officials said on Monday they were ready to resume negotiations
on a coronavirus aid deal, but talks remained deadlocked as
Democrats said Republicans needed to meet them in the middle.
* More than 20 million people have been reported to be
infected by the novel coronavirus globally and 731,787 have
died, according to a Reuters tally. * The economic crisis caused by the pandemic is falling
hardest on the most vulnerable workers, and policymakers need to
coordinate to come up with creative policies to help people,
Chicago Federal Reserve Bank President Charles Evans said.
* Asian stocks were set for a cautious start, following a
mixed Wall Street session. MKTS/GLOB
* Silver XAG= dropped 1.2% to $28.81 per ounce, platinum
XPT= fell 0.9% to $978.10 and palladium XPD= rose 0.3% to
$2,225.22.
DATA/EVENTS (GMT)
0830 UK ILO Unemployment Rate June
0900 Germany ZEW Economic Sentiment Aug