Feb 26 (Reuters) - Gold prices edged higher on Thursday,
buoyed by a softer dollar and safe-haven demand fuelled by
uncertainty surrounding U.S. tariff policy and U.S.-Iran talks.
FUNDAMENTALS
* ?Spot gold was up 0.3% at $5,184.43 ?per ounce by
0110 GMT. Bullion hit a more than three-week high on ?Tuesday.
* U.S. gold futures for April delivery were down
0.5% ?at $5,199.20.
* The dollar began the day on ?the back ?foot, as
better-than-expected earnings from Nvidia boosted investor
confidence and markets awaited details of ?the latest U.S.
tariffs on imports ?of foreign goods.
* A softer greenback makes dollar-denominated gold cheaper
for holders of other currencies.
* The ?U.S. tariff rate for ?some countries ?will rise to 15%
or higher from the newly imposed 10%, U.S. Trade Representative
Jamieson Greer said on Wednesday, ?without naming any specific
trading partners or giving further ?details.
* Markets currently expect three 25-basis-point rate cuts
from the Federal Reserve this year, according to CME's FedWatch
Tool.
* Investors await the weekly jobless claims data due later
in the ?day ?for more cues on the Fed's monetary ?policy path.
* Iran and the U.S. hold the latest ?round of talks in Geneva
on Thursday aimed at resolving their longstanding nuclear
dispute and averting new U.S. strikes on Iran following a
large-scale military buildup.
* Spot silver rose 0.1% to $89.49 per ounce, after
climbing to a three-week high on Wednesday.
* Spot platinum edged ?0.3% higher to $2,294.30 per
ounce, while palladium gained 0.8% to $1,809.62. Both
metals reached three-week highs in the previous session.
DATA/EVENTS (GMT)
0500 Japan Leading Indicator ?Revised Dec
1000 EU Consumer Confid. Final Feb
1330 US Initial Jobless ?Clm 21 Feb, w/e
(Reporting by Ishaan Arora; Editing ?by Subhranshu Sahu)
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