Jan 21 (Reuters) - Gold prices steadied on Tuesday as

markets evaluated the possible consequences of U.S. President

Donald Trump's policies in his second term after his

inauguration.

FUNDAMENTALS

* Spot gold was flat at $2,707.19 per ounce by 0107

GMT. U.S. gold futures dipped 0.7% to $2,730.

* After weeks of global speculation over which duties Trump

would impose tariffs on his first day in office, news that Trump

would take more time on tariffs drove a relief rally in global

stocks and pressured the U.S. dollar.

* Trump has proposed tariffs of up to 10% on global imports,

60% on Chinese goods, and a 25% import surcharge on Canadian and

Mexican products.

* While gold is traditionally viewed as an inflation hedge,

Trump's policies are seen as inflationary which could lead the

Federal Reserve to maintain higher interest rates, affecting

gold's appeal.

* The degree to which the incoming administration implements

Trump's policy pledges will significantly influence the future

direction of U.S. interest rates.

* The non-yielding bullion tends to thrive in a low-interest

rate environment.

* The dollar nursed broad losses after Trump stopped

short of imposing new tariffs and reports suggested any new

taxes would be imposed in a "measured" way.

* A weaker dollar makes gold more attractive for foreign

buyers.

* Spot silver fell 0.5% to $30.34 per ounce,

palladium dropped 1.2% to $933.25 and platinum

shed 0.6% to $936.95.

DATA/EVENTS (GMT)

0700 UK Claimant Count Unem Chng Dec

0700 UK ILO Unemployment Rate Nov

0700 UK HMRC Payrolls Change Dec

1000 Germany ZEW Economic Sentiment, ZEW Current Conditions

Jan