BENGALURU, Dec 3 (Reuters) – Gold prices were steady early on Monday as the dollar weakened on U.S.-China trade truce that revived investor demand for riskier assets. FUNDAMENTALS:  * Spot gold inched up 0.1 percent to $1,222.97 per ounce at 0109 GMT. * U.S. gold futures were up 0.2 percent at $1,228.1 per ounce. * The dollar index, which measures the greenback against a basket of six major currencies, was down about 0.2 percent. * Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets. * China and the United States agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days. * If no deal is reached within 90 days, both parties agreed that the 10 percent tariffs will be raised to 25 percent, the White House said. * Several world leaders are keen to strike trade deals with Britain once the country is out of the European Union, Prime Minister Theresa May will say on Monday, pressing the case for her Brexit deal before a fateful Dec. 11 vote in parliament. * The Italian Parliament begins voting this week on the government’s contested 2019 budget, with Prime Minister Giuseppe Conte optimistic that a deal can be agreed with the European Commission. * Speculators increased their net short position in gold by 8,464 contracts to 51,828 contracts, according to U.S. Commodity Futures Trading Commission data.

* Physical gold demand in the world’s second biggest bullion consumer India got a fillip this week from a slide in local rates due to gains in the rupee, while buying was steady in other top Asian hubs.

* The U.S. Mint sold 8,000 ounces of American Eagle gold coins in November, down 67.3 percent from the previous month, according to the latest data.