Dec 24 (Reuters) - Gold prices on Tuesday held steady near a
more than one-week high hit in the previous session, as
disappointing U.S. data and concerns about an interim Sino-U.S.
trade deal supported the safe-haven metal in holiday-thinned
trade.
FUNDAMENTALS
* Spot gold was unchanged at $1,485.20 per ounce by
0047 GMT. Prices hit their highest since Dec. 12 at $1,485.91 on
Monday. U.S. gold futures were flat at $1,489.20 per
ounce.
* New orders for key U.S.-made capital goods barely rose in
November and shipments fell, suggesting business investment will
probably remain a drag on economic growth in the fourth quarter,
data on Monday showed.
* Canada's economy unexpectedly shrank by 0.1% in October,
the first monthly decline since February, partly because of a
U.S. auto strike that hit manufacturing, Statistics Canada data
indicated on Monday.
* Ratcheting up trade concerns, a top diplomat from China
said on Monday U.S. trade, economic and scientific restrictions
on China and "smears" against its sovereignty were impacting
global stability and development.
* China will lower tariffs on products ranging from frozen
pork and avocado to some types of semiconductors next year as
Beijing looks to boost imports amid a slowing economy and a
tariff dispute with the United States.
* Mining company AngloGold Ashanti and its joint venture
partner IAMGOLD plan to sell their stake in the Sadiola project
in Mali for $105 million, as the South African company looks to
streamline its portfolio.
* Gold production in Russia rose 19.5% in the first eight
months of 2019 to 232.16 tonnes from 194.23 tonnes a year
earlier, Russia's finance ministry said.
* Elsewhere, palladium fell 0.3% to $1,870.38 per
ounce. Silver was flat at $17.42 per ounce, while
platinum shed 0.7% to $929.53.
DATA/EVENTS (GMT)
1330 U.S. Federal Reserve Bank of Philadelphia issues
non-manufacturing business outlook survey for December
(Reporting by Sumita Layek in Bengaluru; Editing by Subhranshu
Sahu)
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