PRECIOUS-Gold prices fall as U.S. official comment on trade deal stokes risk appetite


Nov 15 (Reuters) - Gold prices fell on Friday as comments by a senior U.S. official that the United States is getting close to an interim trade agreement with China whetted investors' risk appetite.


* Spot gold declined 0.24% to $1,467.44 per ounce, as of 0117 GMT, but still set to rise more than 0.6% this week.

* U.S. gold futures were down 0.4% at $1,468.20 per ounce.

* The United States is getting close to a trade agreement with China, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive discussions with Beijing.

* Kudlow said the world's two largest economies were in close touch via telephone, and an agreement could be reached soon.

* Early in the Asian trading day, MSCI's broadest index of

Asia-Pacific shares outside Japan was up 0.16%.

* Gold prices have gained more than 14% this year on uncertainties surrounding the months-long Sino-U.S. trade war that has roiled financial markets and spurred fears of a global economic slowdown.

* Global sentiment has been buffeted in recent weeks by conflicting assessments of progress in talks between the United States and China aimed at ending the trade spat between the two major economies.

* However, a Reuters poll of economists showed that the U.S.-China trade war is unlikely to see a permanent truce over the coming year, and while concerns have eased over a U.S. recession, an economic rebound is also not expected any time soon.

* Further weighing on the metal, data on Thursday showed the German economy narrowly avoided an expected slip into recession in the third quarter as consumers, state spending and construction drove a 0.1% quarterly expansion in Europe's largest economy.


1000 EU HICP Final MM, YY Oct1100 EU Reserve Assets Total Oct1330 US Retail Sales MM Oct1415 US Industrial Production MM Oct

(Reporting by Diptendu Lahiri in Bengaluru; Editing by Subhranshu Sahu)