Gold edged up to a three-month high early on Tuesday as weak global manufacturing surveys soured appetite for risky assets and pushed investors toward safe havens.
* Spot gold was little changed at $1,128.80 an ounce by 0028 GMT, just off an initial high of $1,130.11, its strongest since Nov. 3.
* U.S. gold for April delivery gained 0.2 percent to $1,129.80 an ounce.
* Global manufacturing expansion accelerated slightly but remained weak at the start of 2016 as faster growth in developed markets failed to offset a contraction in emerging economies. In China, a gauge of factory activity fell to its lowest since mid-2012.
* Gold, typically the asset of choice in times of uncertainty, has benefitted from the volatility in other financial markets. It posted its best monthly jump in a year in January, and has gained more than 6 percent so far in 2015.
* The U.S. economy could suffer, with inflation remaining too low, if recent volatility in financial markets persists and signals a slowdown in the global economy, the Federal Reserve Vice Chairman Stanley Fischer said.
* The Fed’s statement last week that it will closely monitor the global economy and financial markets lifted gold to near $1,130, as it underlined expectations that U.S. policymakers may take it slowly in raising interest rates this year.
* Reflecting growing confidence in gold, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose to 21.9 million ounces on Monday, the most since Nov. 3.
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* Asian shares wobbled as crude oil prices slid on rekindled oversupply fears and after downbeat manufacturing data raised concerns about global momentum.
* The yen remained in the doldrums while the Australian dollar held firm as investors bet the Reserve Bank of Australia will resist the recent trend for surprise policy easings.