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PRECIOUS-Gold prices steady as economic worries support, gains in equities drag

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BENGALURU, Dec 28 (Reuters) - Gold prices were steady nearsix-month highs on Friday, supported by worries over economicgrowth but pressured by gains in global equity markets.

FUNDAMENTALS

* U.S. gold futures GCv1 inched down 0.2 percent to$1,278.1 per ounce.

* The dollar index .DXY , a gauge of its value versus sixmajor peers, was marginally weaker at 96.57, after losing 0.5percent overnight. USD/

* U.S. stocks roared back to end in positive territory onThursday following steep losses for much of the session, asequities rebounded for a second day. MKTS/GLOB

* A measure of U.S. consumer confidence posted its sharpestdecline in more than three years in December, rattling investorsalready nervous about the prospect that a global economicslowdown was spilling over into the United States.

* U.S. President Donald Trump is considering an executiveorder in the new year to declare a national emergency that wouldbar U.S. companies from using telecommunications equipment madeby China'sHuawei and ZTE, three sources familiar with thesituation told Reuters.

* China and the United States have made plans forface-to-face consultations over trade in January, the Chinesecommerce ministry said on Thursday, as the world's two biggesteconomies advanced efforts to resolve a months-long trade war.

* Earnings at China's industrial firms in November droppedfor the first time in nearly three years, as slackening externaland domestic demand left businesses facing more strain in 2019in a sign of rising risks to the world's second-largest economy.

* China's net gold imports via main conduit Hong Kong rose28 percent in November from the previous month to their highestsince July, data showed on Thursday.

* SPDR Gold TrustGLD , the world's largest gold-backedexchange-traded fund, said its holdings fell 0.30 percent to787.67 tonnes on Thursday from 790.02 tonnes on Wednesday.


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