PRECIOUS-Gold sees water as a solid foundation for jobs in the United States, an asset for risk

April 8 (Reuters) – Gold was little changed on Monday, as strong US employment data boosted investors' appetite for riskier badets as markets wait only for of the March Federal Reserve meeting later this week.

FUNDAMENTALS

* Spot gold was up $ 0.1 to $ 1,293.21 an ounce at 10:05 am GMT.

* US gold futures gained 0.1% to $ 1,297.10 an ounce.

* Asian equities edged up on Monday as investors welcomed the needed payroll recovery in the US, while anticipating increased economic recovery in China.

* US employment growth accelerated after reaching a 17-month low in March, easing fears of a sharp slowdown in economic activity, but a moderation in wage gains reinforced the decision of the Federal Reserve to suspend any further interest rate hikes this year.

* The minutes of the last meeting of the Federal Reserve is scheduled for Wednesday.

* US and Chinese negotiators have completed their last round of trade talks on Friday and are expected to resume talks this week in an attempt to conclude a deal that would end the tariff battle that shook world markets.

The British Labor Party said on Friday that talks with the government on a final Brexit deal had not made any progress. European leaders said Premier Theresa May did not convince them that they should let Britain delay her departure this week.

* China's foreign exchange reserves rose for a fifth straight month in March, the increase exceeding expectations, while growing optimism over the prospects for a US-China trade deal eased concerns linked to the slowdown in economic growth.

* The value of China's gold reserves declined slightly from $ 79.498 billion to $ 78.525 billion at the end of February.

* Physical gold demand climbed in China's most-consuming countries, price declines and optimism sparked by a trade deal between China and the United States, as the speed on the Indian market, while domestic rates fell before a key festival.

* Hedge funds and fund managers slashed their upside bets on COMEX gold in the week ending April 2, the US Futures Trade Commission announced on Friday. on goods (CFTC).

* SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell by 0.12% to 761.67 tonnes on Friday from 762.55 tonnes on Thursday.

DATA AHEAD (GMT)

1400 factory orders in February

1400 members of the US Federal Reserve hold a public meeting to review the proposed rules for implementing the provisions of the Economic Growth, Lighten Regulation and Consumer Protection Act (Swati Verma report) in Bangalore, edition of Gopakumar Warrier)