Aug 27 (Reuters) - Gold prices traded steady on Tuesday, after retreating from an over six-year peak hit in the previous session, as U.S. President Donald Trump predicted a trade deal with China and calmed global markets that have been rattled by new tariffs.
* Spot gold was up 0.1% to $1,528.10 per ounce, as of 0125 GMT.
* Gold prices on Monday surged to their highest in more than six years, surpassing the $1,550 mark in early trade, before paring gains after Washington and Beijing indicated a ramping down of their trade spat.
* The bullion is often seen as an alternative investment during times of political and financial uncertainty.
* U.S. gold futures were flat at $1,537.50 an ounce.
* U.S. President Donald Trump on Monday flagged the possibility of a trade deal with China, and said he believed Beijing was sincere in its desire to reach an agreement.
* Chinese Vice Premier Liu He, who has been leading the talks with Washington, said on Monday that China opposed any escalation in trade tensions.
* Global markets had been roiled at the start of the week by new tariffs from the world's two largest economies.
* The benchmark 10-year U.S. Treasury yield pulled back from a three-year low, which it reached on Monday on the back of widespread risk-off sentiment.
* The dollar index, which measures the greenback's value against a basket of six major currencies, rose about 0.5% overnight.
* The markets are fully priced for a quarter-point cut in rates next month, and over 100 basis points of easing by the end of next year.
* 0600 Germany GDP Detailed QQ SA Q2
* 0600 Germany GDP Detailed YY NSA Q2
* 0645 France Business Climate Mfg Aug
* 1400 US Consumer Confidence Aug (Reporting by Harshith Aranya in Bengaluru, Editing by Sherry Jacob-Phillips)