June 3 (Reuters) - Gold edged up to hit a near four-week
high on Tuesday, as a weaker dollar and rising uncertainty over
the U.S.-China trade deal boosted demand for the safe-haven
asset.
FUNDAMENTALS
* Spot gold inched up 0.1% at $3,381.13 an ounce, as
of 0038 GMT, after hitting its highest level since May 8 earlier
in the session.
* The metal gained about 2.7% in the previous session,
marking its strongest daily performance in more than three
weeks.
* U.S. gold futures was up 0.3% to $3,406.10.
* The U.S. dollar index touched a more than one-month
low, making gold cheaper for buyers holding other currencies.
* U.S. President Donald Trump and Chinese President Xi
Jinping will likely speak this week, White House said on Monday,
days after Trump accused China of violating an agreement to roll
back tariffs and trade restrictions.
* The European Commission said on Monday it would make a
strong case this week for the United States to reduce or
eliminate tariffs even after Trump said he would double import
duties on steel and aluminium to 50%.
* The Trump administration wants countries to provide their
best offer on trade negotiations by Wednesday as officials seek
to accelerate talks with multiple partners ahead of a
self-imposed deadline in just five weeks, according to a draft
letter to negotiating partners seen by Reuters.
* Meanwhile, Russia told Ukraine at peace talks on Monday
that it would only agree to end the war if Kyiv gives up big new
chunks of territory and accepts limits on the size of its army,
according to a memorandum reported by Russian media.
* Elsewhere, spot silver fell 0.4% to $34.67 an
ounce, platinum rose 0.4% to $1,067.40 and palladium
was up 0.2% to $990.76.
DATA/EVENTS (GMT)
0145 China Caixin Mfg PMI Final May
0900 EU HICP Flash YY May
0900 EU HICP-X, F, E, A, T Flash MM, YY May
0900 EU Unemployment Rate April
1400 US Factory Orders MM April