June 11 (Reuters) - Gold prices steadied on Tuesday
following a steep fall in the previous session, as fresh
concerns on Sino-U.S. trade unsettled the market optimism that
followed a U.S.-Mexico deal.
FUNDAMENTALS
* Spot gold XAU= was up 0.1% at $1328.77 as of 0137 GMT.
* U.S. gold futures GCv1 were 0.3% higher at $1,333.40 an
ounce.
* Gold fell over 1% in the previous session to an intra-day
low of $1,324.50 after markets took heart from the deal between
the United States and Mexico to avert yet another tariff war
late last week. * U.S. President Donald Trump on Monday said he was ready to
impose another round of punitive tariffs on Chinese imports if
he cannot make progress in trade talks with China's President at
a Group of 20 summit later this month. * Trump has repeatedly said he expected to meet Xi at the
June 28-29 summit in Osaka, Japan although China is yet to
confirm any such meeting.
* China is open for more trade talks with Washington but has
nothing to announce about a possible meeting between the Chinese
and U.S. leaders at this month's G20 summit, the Foreign
Ministry said on Monday. * Trump also warned that if a portion of the U.S.-Mexico
deal, which requires ratification by Mexican lawmakers, was not
approved, "tariffs will be reinstated." * The dollar .DXY was largely steady against other major
currencies on Tuesday, but investor appetite for risk was kept
in check after Trump renewed his tariff threats towards China.
FRX/
* Asian stocks made modest gains on Tuesday after the Trump
administration shelved plans for tariffs against Mexico, lifting
Wall Street, however, fresh U.S. trade threats against China are
expected to limit any major investor sentiment boost.
MKTS/GLOB
* Gold production in Russia during the first four months of
2019 rose to 78.29 tonnes from 70.67 tonnes in the same period a
year earlier, Russia's finance ministry said on Monday.
DATA AHEAD (GMT)
* 0830 UK Claimant Count Unem Chng May