Stock futures fell sharply as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.US Marketsread more
A Ministry of Commerce spokesperson does not single out any U.S. action, but it's been a tense couple of weeks for the trade war.World Politicsread more
Tesla was set for its seventh straight day of losses after more analysts joined the growing list of those concerned with its finances.Investingread more
"For them to say that they don't work with the Chinese government is false," Secretary of State Mike Pompeo tells CNBC.Politicsread more
With Tesla shares skidding, two experts weigh in on what could be next for the automaker and its volatile stock.Trading Nationread more
U.S. tariffs on Chinese goods are hurting an unintended target as the country's trade war with China rages on, a study by the International Monetary Fund found.Marketsread more
Papa John's founder John Schnatter has been selling his shares in the company but remains its largest shareholder.Restaurantsread more
First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, up slightly from the 212,000 claims reported for the previous week.Economyread more
U.S. Secretary of State Mike Pompeo joined CNBC's "Squawk Box" on Thursday.Energyread more
Chipotle Mexican Grill is about to take a hit from rising prices due to African swine fever, according to BMO Capital Markets.Marketsread more
* Gold edges up for a third straight session
* SPDR gold holdings at lowest since Oct. 11
* China's Vice Premier to visit U.S. on May 9-10 for trade talks (Adds comments, updates prices)
May 7 (Reuters) - Gold prices edged higher on Tuesday as investors moved away from riskier assets after U.S. President Donald Trump threatened to hike tariffs on Chinese imports, resurfacing trade tensions and in turn lifting demand for the safe-haven metal.
Spot gold was up 0.1 percent to $1,281.65 per ounce, as of 0950 GMT.
U.S. gold futures fell 0.1 percent to $1,282.70 an ounce.
"Donald Trump tweets over the weekend and reactions out of China has sent shock waves. European equities are further down this morning and this is a situation where gold is seen as a safe-haven," Quantitative Commodity Research analyst Peter Fertig said.
"There has been uncertainty in the market since yesterday which has given gold a push higher," Fertig added.
U.S. President Donald Trump said tariffs on $200 billion worth of Chinese goods would increase to 25 percent from 10 percent on Friday, reversing a decision he made in February to keep them at 10 percent as the two sides made progress on trade talks.
Trump's tariff threat weighed across equity markets around the world, in turn supporting the yellow metal, which is used by investors to hedge against economic and political instability.
"There are significant catalysts for gold with the escalations on the trade-war front yesterday, but it is surprising we have not seen a significant follow through," said Stephen Innes, head of trading and market strategy, SPI Asset Management.
Adding to the sentiment, Trump's national security adviser John Bolton on Sunday said that the United States was deploying a carrier strike group and a bomber task force to the Middle East to send a clear message to Iran.
"Some are also focusing on the tensions in the Middle East and the two catalysts are sufficient enough to hold prices but there is a general reluctance to push prices higher over $1,285," Innes added.
A faction of the market still expects the United States and China to find common ground and believe that Trump's tariff threat is likely a negotiation tactic.
China's commerce ministry confirmed on Tuesday that Vice Premier Liu He will visit the United States on May 9 and May 10 for bilateral trade talks at the invitation of senior U.S. officials.
Meanwhile, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, continued a dismal run, falling 0.16 percent to 739.64 tonnes on Monday, its lowest since Oct. 11.
Among other metals, silver down 0.3 percent to $14.86 per ounce
Platinum rose 0.1 percent to $873.68 an ounce, while palladium gained 0.2 percent to $1,339.83. (Reporting by Brijesh Patel and Arijit Bose in Bengaluru; Editing by Jon Boyle)