PRECIOUS-Gold steadies near $1,500 as tariffs on EU boost safe-haven bets

* SPDR Gold holdings near 3-year peak
* Dollar touches one-week lows versus yen, euro
* U.S. non-manufacturing ISM survey data due at 1400 GMT

(Updates prices)
By Sumita Layek
Oct 3 (Reuters) - Gold steadied near $1,500 on Thursday,
having risen more than 1% in the previous session after the
United States announced tariffs on European goods, creating more
uncertainty for the global economic outlook.
Spot gold XAU= was up 0.1% at $1,500.55 per ounce, by 1312
GMT, while U.S. gold futures GCcv1 eased 0.1% to $1,506.60.
The United States on Wednesday said it would slap tariffs on
certain products from the European Union after the World Trade
Organization gave Washington a green light to impose tariffs on
$7.5 billion worth of EU goods annually in a long-running trade
case. "Trump's tariffs against the European Union create a certain
amount of uncertainty and potential for economic failure," said
SP Angel analyst John Meyer.
Gold is considered a store of value during economic or
political uncertainty.
Adding to the economic gloom in Europe, a survey showed euro
zone business growth stalled in September as an ongoing
contraction in manufacturing activity is increasingly affecting
the services industry. "It all indicates ongoing stress in the markets and an
inevitable flight into recession," Meyer said.
The U.S. tariff announcement sent world stocks to near
four-week lows while yields on major benchmark bonds slipped,
reflecting fears about global growth. MKTS/GLOB USD/
"Gold rebounded to $1,500 on the back of new trade tension
... The short-term trend remains mixed, while the medium-long
term is still positive for bullion," ActivTrades chief analyst
Carlo Alberto De Casa said in a note.
"The strength of the rebound seen in the last 48 hours is
significant, confirming that investors are still seeing any
correction in gold prices as a good chance to add more bullion
to their portfolio."
Gold jumped 1.4% on Wednesday after disappointing data on
hiring by U.S. private employers unnerved investors already
concerned about slowing growth in the world's largest economy.
Further supporting gold, the dollar .DXY slid to one-week
lows against the euro and yen. USD/
Investors are now keeping an eye out for September's U.S.
non-manufacturing due later in the day.
Holdings of the world's largest gold-backed exchange-traded
fund, SPDR Gold Shares GLD , rose to 923.76 tonnes on
Wednesday, very close to last week's 924.94 tonnes, their
highest since mid-November 2016. GOL/ETF
Platinum XPT= rose 0.2% to $888 per ounce, while silver
XAG= fell 0.4% to $17.48 an ounce.
Palladium XPD= was down 1.5% at $1,662.75 per ounce.