Sept 11 (Reuters) - Gold prices edged up on Wednesday, but
hovered near a four-week low hit in the previous session as risk
appetite improved amid hopes of an interest rate cut by the European
Central Bank and fiscal stimulus measures from Germany, Europe's
* Spot gold was up 0.4% at $1,491.60 per ounce, as of 0120 GMT.
In the previous session, prices fell to their lowest since Aug. 13 at
* U.S. gold futures were flat at $1,499.3 an ounce.
* The dollar index was steady , while Asian stock markets held
firm and bond yields rose on Wednesday.
* A senior White House adviser tamped down expectations on Tuesday
for the next round of U.S.-China trade talks, urging investors,
businesses and the public to be patient about resolving the trade
dispute between the world's two largest economies.
* As the fallout from the U.S.-China trade war broadens, Bank of
Japan policymakers are more open to discussing the possibility of
expanding stimulus at their board meeting on Sept 18-19, sources
familiar with their thinking say.
* Position unwinding was also apparent in bond markets ahead of
key central bank policy announcements including the European Central
Bank on Thursday and the U.S. Federal Reserve next week.
* Deutsche Bank said on Tuesday that it now forecasts another 100
basis points of rate cuts and see growth falling to below 1.5% by
mid-2020, assuming there is no escalation in the trade war between the
United States and China.
* Germany's 30-year government bond yield rose into positive
territory on Tuesday for the first time in over a month, lifted by
expectations for fiscal stimulus and uncertainty over whether the ECB
will launch asset purchases this week.
* German Chancellor Angela Merkel said on Tuesday her government
was sticking to its balanced budget policy, tempering expectations for
fiscal stimulus in Europe's largest economy.
* The recent drop in long-term bond yields below shorter ones in
key sovereign bond markets is not "a vote of confidence" in
the economic outlook, the head of the Bank of England said on Tuesday.
* South Africa's main platinum mining union said it had formally
declared that wage talks with Anglo American Platinum (Amplats) and
Sibanye-Stillwater were deadlocked, raising the possibility of
strike action if the issue cannot be resolved.
(Reporting by Eileen Soreng in Bengaluru, Editing by Sherry Jacob-Phillips)
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