Aug 29 (Reuters) - Gold prices climbed up on Thursday, as
fears of an economic slowdown continued, amid the protracted
Sino-U.S. trade conflict and expectations of monetary stimulus,
keeping the save-haven metal in demand.
FUNDAMENTALS
* Spot gold XAU= rose 0.2% to $1,542.35 per ounce, as of
0142 GMT.
* U.S. gold futures GCcv1 were up 0.1% at $1,550.50 an
ounce.
* The U.S. Treasury yield curve remains inverted, which is
commonly considered a sign of an impending recession. US/
* On Wednesday, underscoring the gloomy global sentiment,
yields on 30-year U.S. Treasuries and 10-year German bunds hit
record lows.
* The U.S. Federal Reserve and the European Central bank are
expected to cut rates next month, while many investors believe
the Bank of Japan could also join the fray if market sentiment
weakens further. MKTS/GLOB
* Markets are fully priced in for a quarter-point cut in
interest rates by the U.S. Fed next month, and over 100 basis
points of easing by the end of next year. FEDWATCH
* The Trump administration on Wednesday made official its
extra 5% tariff on $300 billion in Chinese imports and set
collection dates of Sept. 1 and Dec. 15. * SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings rose 1% to 882.41 tonnes
on Wednesday from Tuesday. GOL/ETF
* The dollar index .DXY , which measures the greenback
against a basket of six major currencies, was little changed
after rising 0.2% in the previous session. USD/
* British Prime Minister Boris Johnson decided to suspend
Britain's parliament for more than a month before Brexit.
AHEAD (GMT)
0645 France GDP QQ Final Q1
0755 Germany Unemployment Rate SA Aug
0900 EU Consumer Confid. Final Aug
1200 Germany CPI Prelim YY Aug
1200 Brazil GDP QQ, YY Q2
1230 US GDP 2nd Estimate Q2
1230 US Initial Jobless Claims Weekly