Aug 6 (Reuters) - Gold prices continued to rise on Tuesday
as the protracted trade war between the United States and China
intensified after Washington designated Beijing a currency
manipulator, prompting a flight towards safe-haven assets.
FUNDAMENTALS
* Spot gold XAU= rose 0.2% to $1,465.91 per ounce as of
0122 GMT.
* On Monday, gold surged 2% to its highest level in more
than six years. * U.S. gold futures GCcv1 rose 0.3% to $1,480.90 an ounce.
* The U.S. Treasury Department said on Monday it had
determined for the first time since 1994 that China was
manipulating its currency, and that Washington would engage the
International Monetary Fund to eliminate unfair competition from
Beijing. * The U.S. action comes after China allowed its yuan to
weaken past the key 7-per-dollar level on Monday for the first
time in more than a decade, following Trump's decision to impose
10% tariffs on $300 billion of Chinese imports, ending a
month-long trade truce. * The move also pushed the dollar down against the yen and
the euro, while U.S. stock futures fell on worries the trade
conflict with China would hurt U.S. economic growth and
corporate profits. USD/
* MSCI's All Country World index .MIWD00000PUS , which
tracks shares in 47 countries, extended last week's slide and
has slumped 2.5% to a two-month low on Monday. MKTS/GLOB
* Gold priced in sterling soared to a record high on Monday,
spurred by fear of a disorderly British exit from the European
Union amidst trade tensions. * SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings rose 0.53% to 835.16
tonnes on Monday from 830.76 tonnes on Friday. GOL/ETF
DATA AHEAD(GMT)
* 0430 Australia RBA Cash Rate Aug
* 0600 Germany Industrial Orders MM June