PRECIOUS-Gold stable near the highest of its 10 months; palladium reaches a record level

February 19 (Reuters) – Gold prices remained flat near the 10-month high on Tuesday, as the dollar had only moved little and markets were awaiting clarification on US trade negotiations. -Chinese, while the palladium reached a record level because of fears related to the supply.

FUNDAMENTALS

* The spot gold price was little changed at $ 1,326.10 per ounce at 00:48 GMT, after reaching its 10-month high of $ 1,327.64 per ounce during the previous session.

* Gold futures in the United States increased 0.5% to $ 1,328.9 billion ounce.

* Palladium hit a record high of $ 1,459 an ounce at the start of trading, while a sustained supply deficit spiked the metal from the autocatalyst

* The dollar index compared to a basket of six major currencies was little changed at 96.784 after the end of the previous session. US financial markets were closed on Monday for Presidents Day.

* Asian stocks came close to a four-month high on Tuesday, supported by hopes that Sino-US trade talks would progress positively and central banks wait for stimulus packages.

* The United States and China will resume their trade talks this week in Washington. US President Donald Trump said it could extend the deadline of March 1. Both sides reported progress in last week's talks in Beijing.

* US blocked efforts by US agency to improve civil aviation in North Korea to maintain pressure on sanctions for second summit between President Donald Trump and President Kim Jong Un Vietnam, at the end of February.

* The minutes of the latest Federal Reserve meeting is scheduled for Wednesday and is expected to provide further guidance on the likelihood of a rate hike this year. There is also talk of the bank maintaining a much larger balance sheet than expected.

* The US Department of Commerce on Sunday sent a report to US President Donald Trump that could trigger high tariffs on imported cars and auto parts, prompting a brutal reaction from the industry even before it was unveiled, confirmed l & # 39; agency.

DATA / EVENT BEFORE (GMT) 0930 United Kingdom Unemployment Number of applicants Jan. 0930 United Kingdom Change in employment dec. 09.30 United Kingdom Earnings 3M YY Dec. ECB Vice President Luis de Guindos participates in a round table during the week of the European Parliament 2019 in Brussels. (Report by Karthika Suresh Namboothiri in Bengaluru, edited by Richard Pullin)