Dec 13 (Reuters) - Gold prices fell on Friday after sources
said Washington and Beijing had reached an interim trade deal
and averted a fresh round of U.S. tariffs, boosting appetite for
riskier assets.
FUNDAMENTALS
* Spot gold XAU= was down 0.2% at $1,466.35 per ounce, as
of 0051 GMT, but was on track to post a weekly gain.
* In the previous session, gold prices hit their highest in
over a month, driven by trade uncertainties ahead of a Dec. 15
deadline, when U.S. tariffs on Chinese goods were initially
expected to kick in.
* U.S. gold futures GCv1 were also down 0.2% at $1,469.60.
* A wave of trade relief lifted global equities following
reports that the United States has agreed to reduce some tariffs
and delay a tranche of tariffs as part of a "phase-one" deal.
* Asian markets also jumped on reports that Prime Minister
Boris Johnson's Conservative Party looked to have won a clear
majority in UK elections. MKTS/GLOB * World stocks hit a record high on Thursday, passing an
all-time peak set in early 2018, on respite over a prolonged
trade war. * Christine Lagarde struck a more upbeat tone on the economy
in her first news conference as head of the European Central
Bank on Thursday and promised a new style of leadership as she
outlined a sweeping one-year review of the bank's workings.
* Palladium XPD= hit a record peak of $1,964.56 an ounce
on supply crunch, and was last up 0.5% at $1,949.30. The metal
was poised to register a fourth weekly gain.
* The autocatalyst metal had breached the $1,900 level for
the first time earlier this week following blackouts in South
Africa after a week of heavy rains across parts of the country
caused flooding. * Elsewhere, silver XAG= dipped 0.1% to $16.90 per ounce,
but was headed for its best week since late October, gaining
over 2%, while platinum XPT= fell 0.1% to $942.68, but was set
to post its best week since late August, rising 5.1%.
DATA/EVENTS (GMT)
0630 India WPI Inflation YY Nov
1330 US Retail Sales MM Nov