April 16 (Reuters) - Gold slipped for a fourth straight session
on Tuesday as optimism over the U.S.-China trade talks helped
investors retain risk appetite despite dismal quarterly results from
* Spot gold was down 0.1 percent at $1,286.38 per ounce, as of
0120 GMT. In the previous session, the bullion dropped to $1,281.96,
its weakest since April 4.
* U.S. gold futures shed about 0.2 percent at $1,289.20 an ounce.
* The U.S.-China trade dispute, signs of slowing global corporate
earnings and business investment have all put pressure on riskier
assets in the past year, so investors have been quick to lap-up
* Asian stocks hovered below a nine-month peak on Tuesday after
disappointing bank earnings dented Wall Street, though recent signs
the global economy is likely to avoid a sharper downturn helped limit
* MSCI's broadest index of Asia-Pacific shares outside Japan
had risen to a peak since July 2018 on Monday after strong data
from China and expectations that Chinese and U.S. trade negotiators
would strike a deal.
* United States Treasury Secretary Steve Mnuchin told Fox Business
Network on Monday that trade negotiations between the Washington and
their Chinese counterparts were "making a lot of progress."
* The United States was "going to win either way,"
irrespective of its trade negotiations with China, President Donald
Trump said on Monday.
* Major currencies remained confined to well-trodden ranges on
Tuesday, as markets look next to European and Chinese data for more
evidence that the worst may be over for the global economy.
* A Reuters poll suggested China's first quarter economic growth
likely cooled to the weakest pace in at least 27 years, with stimulus
measures expected to lift the economic mood in the future.
* SPDR Gold Trust , the world's largest gold-backed
exchange-traded fund, said its holdings fell 0.50 percent to 754.03
tonnes on Monday from 757.85 tonnes on Friday.
* Kazakhstan raised gold holdings by 5.38 tonnes to 361.68 tonnes
in March, data from the International Monetary Fund showed.
* Canada's Lundin Mining Corp is looking to buy more mining
assets, Chief Executive Marie Inkster told Reuters on Monday, after
the company announced its purchase of a Brazilian copper-gold mine
from Yamana Gold Inc for more than $1 billion.
* India's gold smugglers have slowed their operations over worries
their shipments will be caught up in seizures of cash, bullion, booze
and drugs that are aimed at controlling vote-buying in the country's
national elections, industry officials told Reuters.
DATA AHEAD (GMT)
* 0830 U.K. ILO Unemployment Rate (Feb.)
* 0900 Germany ZEW Economic Sentiment (April)
* 0900 Germany ZEW Current Conditions (April)
* 1315 U.S. Industrial Production MM (March)
(Reporting by Arijit Bose in Bengaluru, Editing by Sherry Jacob-Phillips)
((Arijit.Bose@thomsonreuters.com; Within U.S. +1 651 848 5832,
Outside U.S. +91 8067495254; Reuters Messaging: Arijit.Bose.email@example.com))