June 28 (Reuters) - Gold prices rose on Friday, heading for
a sixth weekly gain in a row, as investors await a meeting
between U.S. President Donald Trump and Chinese President Xi
Jinping this weekend for any developments on trade.
FUNDAMENTALS
* Spot gold XAU= was up 0.6% at $1,418.21 per ounce as of
0115 GMT. Gold prices touched $1,438.63 earlier this week, their
highest since May 14, 2013.
* The metal has risen more than 1% so far this week to be up
11% over the past six weeks.
* U.S. gold futures GCv1 climbed 0.7% to $1,422.20 an
ounce.
* Trump has agreed to no preconditions for his high-stakes
meeting with Xi this weekend and is maintaining his threat to
impose new tariffs on Chinese goods, White House economic
adviser Larry Kudlow said. * Meanwhile, the Wall Street Journal reported that Xi plans
to present Trump with a set of terms the United States should
meet before Beijing is ready to settle their trade dispute.
* On Thursday, The South China Morning Post, reported that
Washington and Beijing were laying out an agreement that would
help avert the next round of tariffs on an additional $300
billion of Chinese imports. * The dollar index .DXY , against a basket of major
currencies, was steady on Friday after hitting a near one-week
high in the previous session. USD/
* Share markets in Asia edged higher early on Friday
morning, but the gains were small and underscored uncertainty
over whether the talks will produce definitive progress in
ending the year-long trade war between the world's two largest
economies. MKTS/GLOB
* U.S. Treasury yields fell on Thursday on concerns that
trade discussions between the United States and China on
Saturday may be more complicated than previously expected. US/
* Holdings of SPDR Gold Trust, the world's largest
gold-backed exchange-traded fund, fell 0.26% to 795.80 tonnes on
Thursday from 797.85 tonnes on Wednesday. GOL/ETF
DATA AHEAD (GMT)
* 0830 UK GDP QQ YY Q1
* 0900 EU HICP Flash YY June
* 0900 EU HICP-X E&E Flash YY June
* 1230 US Consumption Adjusted MM May
* 1400 US U Mich Sentiment Final June