PRECIOUS-Gold prices dip on upbeat appetite for riskier assets

(Adds details, updates prices)
* Gold on track for fourth straight daily decline
* Platinum touches lowest since Aug. 28
* Palladium recovers slightly from Monday's one-month low

By K. Sathya Narayanan
Nov 12 (Reuters) - Gold slipped on Tuesday to its lowest in
more than three months on increased appetite for riskier assets,
while U.S. President Donald Trump failed to provide any
information on the trade deal with China in his speech.
Spot gold XAU= slipped 0.1% to $1,453.70 per ounce as of
1:47 p.m. EST (1847 GMT), having touched its lowest since Aug. 5
earlier.
U.S. gold futures GCcv1 settled down 0.2% at $1,453.70 per
ounce.
"The problem for gold right now is (Treasury) yields have
risen, the probability that the Federal Reserve will tighten
(monetary policy) has dropped and the equities market has
returned very well," said Bart Melek, head of commodity
strategies at TD Securities.
Any reduction in aggressive behaviour on the trade front
would drive investors away from bullion, he said.
World shares and benchmark government bond yields inched up,
while the S&P 500 and Nasdaq indexes rose to record highs.
MKTS/GLOB US/ .N
Meanwhile, the market was looking out for any reassurances
on the Sino-U.S. trade agreement and for any delay in a decision
on European car tariffs from Trump's address at the Economic
Club of New York. "There is guarded optimism (in the market) and we are
tilting to the idea that there'll be some deal done, may be not
as comprehensive as both the side were arguing," Melek added.
However, Trump took aim once again at the Fed for its
interest rate policy in a highly anticipated speech that offered
no fresh details on his administration's long-running trade war
with China. Gold, considered a safe store of value during economic and
political uncertainties, has risen about 13% so far this year on
concerns regarding the U.S.-China trade resolution and monetary
policy easing by global central banks.
"The precious metals bulls are trying to stabilize their
markets after recent strong selling pressure has driven prices
to three-month lows," Kitco Metals senior analyst Jim Wyckoff
said in a note.
Bullion fell 3.6% in the previous week and extended declines
into a fourth straight session on Tuesday.
Also on investors' radar was continuing unrest in Hong Kong,
with a senior officer saying the protests had brought the city
to "the brink of total breakdown." Among other precious metal, palladium XPD= gained 0.8% to
$1,700.60 per ounce, having touched a one-month low in the
previous session.
Silver XAG= dropped 0.7% to $16.74 an ounce, and platinum
XPT= fell 0.8% to $868.86, after touching its lowest since
Aug. 28 earlier in the session.