Aug 9 (Reuters) - Gold prices rose on Friday, holding above the key $1,500 per ounce pivot, as fresh concerns about the U.S.-China trade dispute and worries over global economic slowdown lifted demand for the safe-haven metal.
* Spot gold was up 0.3% at $1,504.22 per ounce as of 0124 GMT.
* The metal has risen more than 4% so far this week, putting it on track for its second consecutive weekly gain.
* U.S. gold futures rose 0.4% to $1,515.10 an ounce.
* Trade tensions between the United States and China further escalated after a report that Washington is delaying a decision about licenses for U.S. firms to restart trade with Huawei Technologies..,
* Meanwhile, U.S. economic data pointed to a robust labour market as the number of Americans filing applications for unemployment benefits unexpectedly fell last week, allaying some worries about the potential for a recession and helping U.S. Treasury yields rise.
* Central banks in New Zealand, Thailand and India stunned financial markets on Wednesday with a series of surprising interest rate cuts and pointing to policymakers’ dwindling ammunition to fight off a downturn.
* On Thursday, the Philippine central bank joined the bandwagon and cut its key policy rates, whilst keeping the door open for further easing.
* The dollar index was down 0.1% and was heading for its first weekly decline in four.
* SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.66% to 839.85 tonnes on Thursday from 845.42 tonnes on Wednesday.
* Barrick Gold Corp, is looking to sell its Tongon gold mine in the Ivory Coast and is working with Bank of Nova Scotia to identify buyers, Bloomberg said on Thursday.
* 0130 China PPI YY July
* 0130 China CPI YY July
* 0830 UK Manufacturing Output MM June
* 0830 UK GDP Prelim QQ, YY Q2
* N/A China M2 Money Supply YY July
Reporting by Brijesh Patel in Bengaluru; editing by Uttaresh.V