Aug 18 (Reuters) - Gold held steady on Monday after

hitting a one-week low, with attention turning to U.S. President

Donald Trump's meeting with Ukrainian President Volodymyr

Zelenskiy and European leaders to discuss a peace deal with

Russia.

FUNDAMENTALS

* Spot gold was up 0.1% at $3,340.71 per ounce, as of

0040 GMT, after hitting its lowest level since August 1.

* U.S. gold futures for December delivery rose 0.1%

to $3,385.70.

* European leaders are set to join Zelenskiy on Monday for

discussions with Trump.

* Russia would relinquish tiny pockets of occupied Ukraine

and Kyiv would cede swathes of its eastern land which Moscow has

been unable to capture, under peace proposals discussed by

Russia's Vladimir Putin and Trump at their Alaska summit,

sources briefed on Moscow's thinking said.

* Benchmark 10-year U.S. Treasury yields hovered

at near two-week high level, while U.S. dollar index

inched lower, making gold less expensive for overseas buyers.

* Investors are also looking ahead to the Federal Reserve's

annual symposium in Jackson Hole, Wyoming, for insights into

interest rate cuts paths.

* Last week, consumer and wholesale price data appeared to

send mixed signals regarding the economic impact of Trump's

import tariffs.

* Economists polled by Reuters largely expect the Fed to

announce a rate cut in September, its first this year, with a

possible second cut by the year-end as concerns mount over the

U.S. economy.

* Non-yielding bullion, considered a safe-haven assets

during periods of uncertainity, tends to perform well in

low-interest-rate environment.

* Meanwhile, a planned visit by U.S. trade negotiators to

New Delhi from August 25-29 has been called off, a source said.

* Elsewhere, spot silver rose 0.2% to $38.07 per

ounce, platinum gained 0.3% to $1,339.30 and palladium

was up 0.8% to $1,121.

DATA/EVENTS (GMT)

0430 Japan Tertiary Ind Act NSA June

0900 EU Total Trade Balance SA June