BENGALURU, Sept 18 (Reuters) - Gold prices inched lower early on Tuesday, after rising 0.6 percent in the previous session, as the dollar rose after the United States imposed a new round of tariffs on Chinese imports, aggravating global trade worries.
* Spot gold fell 0.1 percent at $1,199.20 an ounce as of 0027 GMT.
* U.S. gold futures were down 0.2 percent at $1,203.90.
* U.S. President Donald Trump on Monday imposed 10 percent tariffs on about $200 billion worth of Chinese imports.
* Trump also warned that if China takes retaliatory action against U.S. farmers or industries, “we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports.”
* The months-long trade rift between Washington and Beijing has prompted investors to buy the U.S. dollar in the belief that the United States has less to lose from the dispute.
* The dollar index, which measures the greenback against a basket of currencies, was up 0.1 percent at 94.582.
* China’s yuan was 0.25 percent lower at 6.8862 per dollar in offshore trade.
* Gold prices have declined over 12 percent from April amid intensifying global trade tensions and under pressure from rising U.S. interest rates.
* Hedge funds and speculators have swung sharply toward pricing in higher rates and yields at the short end of the curve, a sign that they are backing down and now think the Fed will stick to the pace and path of rate hikes it has long flagged.
* Bond traders are increasing bets the Federal Reserve will raise U.S. short-term interest rates into 2019 as the jobs market tightens and with inflation seen climbing above its 2 percent goal.
* South Africa’s competition watchdog on Monday approved the takeover of platinum producer Lonmin, by Sibanye-Stillwater but imposed conditions to limit job losses.
* Russia raised gold holdings by 28.367 tonnes to 1,998.538 tonnes in 2018 August, International Monetary Fund data showed.
* Three South African unions have signed a three-year wage deal with AngloGold Ashanti, potentially inching the country’s gold industry closer to ending a standoff over pay.
* India may impose import duty on gold, local media reported on Monday.
1400 U.S. NAHB housing market index Sep (Reporting by Nallur Sethuraman in Bengaluru; Editing by Amrutha Gayathri)