Wires

PRECIOUS-Gold inches up on concerns over trade deal, disappointing China data

Nov 11 (Reuters) - Gold prices edged up on Monday, as mixed signals from U.S.- China trade talks kept investors cautious, although disappointing China factory data provided support.

FUNDAMENTALS

* Spot gold was up 0.3% at $1,462.46 per ounce by 0110 GMT, after touching a three-month low in the previous session.

* U.S. gold futures were flat, at $1,463.30 per ounce.

* Trade talks with China were moving along "very nicely," U.S. President Donald Trump said on Saturday, but the United States would only make a deal with Beijing if it was the right deal for America.

* Although a Sino-U.S. trade war could ease somewhat, wider conflicts between the world's two largest economies will continue, Lou Jiwei, a former Chinese finance minister, said.

* The trade war has roiled financial markets and spurred fears of a global economic slowdown, pushing the precious metal nearly 14% higher this year.

* The United States and China had agreed to roll back tariffs on each others' goods as part of the first phase of a trade deal, but Trump later denied any such agreement.

* The Chinese producer price index (PPI), seen as a key indicator of corporate profitability, fell 1.6% in October from a year earlier, its steepest decline since July 2016, National Bureau of Statistics (NBS) data showed, outstripping analysts' expectation of a 1.5% contraction.

* Asian shares edged higher on Monday, after optimism around trade talks with China, though uncertainty remained whether a deal would be signed this year.

* SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 1.44% to 901.19 tonnes on Friday from Thursday's 914.38 tonnes.

* Hedge funds and money managers cut bullish positions in COMEX gold and silver contracts in the week to Nov. 5, the U.S. Commodity Futures Trading Commission (CFTC) said.

* Physical gold buying picked up in India as a correction in prices revived demand in the world's second biggest consumer, narrowing discounts to the lowest level in five months, while buying interest was tepid elsewhere in Asia.

DATA/EVENTS

0930 UK GDP Est 3M/3M Sept0930 UK GDP Estimate MM, YY Sept0930 UK Manufacturing Output MM Sept0930 UK GDP Prelim QQ, YY Q31200 India Industrial Output YY Sept

(Reporting by Diptendu Lahiri in Bengaluru; Editing by Clarence Fernandez)