Nov 29 (Reuters) - Gold slipped on Friday and was set for
its worst month in three years as hopes for a U.S.-China trade
deal supported demand for riskier assets and the dollar,
weighing on the safe-haven metal.
FUNDAMENTALS
* Spot gold XAU= fell 0.1% to $1,456.30 per ounce by 0116
GMT. Prices are down almost 4% this month, on track for their
biggest monthly decline since November 2016.
* U.S. gold futures GCv1 rose 0.1% to $1,462.30.
* Palladium XPD= was little changed at $1,840.67 per
ounce, after touching an all-time peak of $1,844.50 on a supply
deficit. The autocatalyst metal was headed for its
fourth-consecutive month of gains.
* The dollar was set for its highest weekly finish against
the yen since May, as data showing the U.S. economy on a firm
footing prompted investors to scale back rate-cut bets. USD/
* Global shares ticked up, but hesitated to test an all-time
peak as investors worried a new U.S. law backing Hong Kong
protests could derail efforts to end the U.S.-China trade war.
MKTS/GLOB
* U.S. President Donald Trump on Wednesday signed into law
congressional legislation backing protesters in Hong Kong
despite angry objections from Beijing. * China warned the United States on Thursday that it would
take "firm counter measures" in response to the U.S.
legislation. * Japan's industrial output slipped at the fastest pace
since early last year in October. * China reiterated its pledge to further widen market access
for foreign capital and lower non-tariff trade barriers, as it
aims to boost flagging trade amid a slowing economy and a tariff
dispute with the United States. * Platinum XPT= shed 0.9% to $893.33 and silver XAG=
rose 0.4% to $16.93 per ounce.
DATA/EVENTS (GMT)
0700 UK Nationwide House Price MM YY Nov
0745 France GDP QQ Final Q3
0745 France CPI (EU Norm) Prelim YY Nov
0855 Germany Unemployment Chg, Rate SA Nov
1000 EU HICP Flash YY Nov
1000 EU HICP-X F&E Flash YY Nov
1000 EU Unemployment Rate Oct
1200 India GDP Quarterly YY Q2