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* SPDR gold holdings are at their lowest since March 8
* Asian equities reach a new high of 7 months
* Money at 3-month low reaches Tuesday (Adding details and comments, price updates)
By Arijit Bose
April 3 (Reuters) – Gold prices remained steady on Wednesday while a weaker dollar eased pressure on the metal, which had recovered after a four-week low during the previous session, while a recovery of shares at several-month highs has limited Bullion's safe haven claims.
The spot gold price was stable at $ 1,292.48 per ounce at 0354 GMT, after reaching its lowest level since March 7 at $ 1,284.76 in the previous session. Gold futures in the US rallied 0.1% to $ 1,296.90 an ounce.
"Gold prices will not fluctuate much as stocks hit record highs in Asia and investors do not see gold as a safe haven," said Brian Lan, managing director of GoldSilver's broker. Central in Singapore.
Asian stocks climbed to their highest level in seven months, as investors saw signs of progress in US-China trade negotiations and favorable economic data.
The markets sparked hopes for White House economic adviser Larry Kudlow, who said on Tuesday that the two countries "hope to make further progress" in this week's trade talks.
US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to resume talks with Chinese Vice Premier Liu He later Wednesday.
The dollar index, which had gained a preference for gold amid trade tensions between the United States and China, was about 0.2% lower after peaking at 3.5 weeks. the day before.
A weaker dollar tends to make gold cheaper for holders of other currencies.
The market is also closely following developments around the departure of Britain from the European Union. Prime Minister Theresa May said on Tuesday that she would be asking for another deadline for Brexit in order to reach a divorce agreement with the Labor opposition leader.
"Brexit is coming to an end. at the very least, this should weaken the dollar against the pound sterling and the euro and perhaps also give gold a boost, "commented Edward Meir, an badyst at INTL FCStone. .
Investors in the SPDR Gold Trust, the largest gold-backed exchange-traded fund in the world, hit their lowest level since March 8, at 768.10 tonnes on Tuesday.
Among other precious metals, spot palladium rose 0.4% to $ 1,434.55 per ounce.
Silver gained 0.3% to 15.16 dollars an ounce after reaching its lowest level since the end of December at 14.90 dollars the previous session, while platinum has grown by 1, 1% to 851.15 dollars. (Report by K. Sathya Narayanan and Arijit Bose in Bengaluru, edited by Gopakumar Warrier)
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