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PRECIOUS-Gold gains as U.S. bill backing HK protesters fuels trade deal doubts

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Nov 28 (Reuters) - Gold rose on Thursday as investors bought the safe-haven metal amid new doubts about whether the United States and China will sign a trade deal after President Donald Trump signed legislation supporting protesters in Hong Kong, irking Beijing.

FUNDAMENTALS

* Spot gold was up 0.2% to $1,457.60 per ounce by

0132 GMT. U.S. gold futures rose 0.2% to $1,456.30.* Palladium shed 0.5% to $1,824 per ounce, giving up

some gains after hitting an all-time peak at $1,836.61 on a supply deficit.

* Asian share markets wobbled, while the safe-haven yen rose against the dollar, after Trump's move to sign into law congressional legislation backing Hong Kong protesters fueled concern that efforts to end the long-running trade dispute between the world's two biggest economies could become more complicated.

* U.S. economic growth picked up slightly in the third quarter, while the number of Americans filing applications for unemployment benefits fell last week.

* New orders for key U.S.-made capital goods increased by the most in nine months in October and shipments rebounded, suggesting some stabilization in business investment.

* China will speed up reforms to help build a market-based, globalized business environment and break investment barriers for all kinds of companies, Premier Li Keqiang was quoted as saying during a Cabinet meeting on Wednesday.

* Japan's retail sales tumbled at their fastest pace in more than 4-1/2 years in October as a sales tax hike prompted consumers to cut spending.

* Platinum was up 0.2% to $894.24 and silver rose 0.3% to $17 per ounce.

DATA/EVENTS (GMT)

0030 Australia Capital Expenditure Q31000 EU Consumer Confid. Final Nov1100 Brazil IGP-M Inflation Index Nov1300 Germany CPI Prelim YY Nov1300 Germany HICP Prelim YY Nov

(Reporting by Sumita Layek in Bengaluru; Editing by Kenneth Maxwell)