April 13 (Reuters) - Gold slipped on Tuesday as firmer U.S. Treasury yields took some sheen off the yellow metal, with optimism about a quick economic rebound weighing on prices further.
FUNDAMENTALS
* Spot gold XAU= fell 0.3% to $1,728.15 per ounce at 0122 GMT. U.S. gold futures GCv1 were down 0.2% at $1,729.10 per ounce.
* Treasury yields in the United States have stayed marginally higher after a successful three-year note auction and ahead of important data releases this week, including consumer price inflation on Tuesday. US/
* Treasury sales of $271 billion in new debt and a key inflation report this week could put an end to the bond market's recent lull, reinvigorating a surge in yields. Higher bond yields increase the opportunity cost of holding bullion, which pays no return.
* A survey published on Monday by the Federal Reserve Bank of New York showed U.S. consumers raised their inflation rates again in March following gradual increases in recent months, and they became more positive about the job market. The United States' economy may see a substantial turnaround this year as a result of accommodative monetary and fiscal policy, but the job market still has a lot of space for growth, Boston Federal Reserve Bank President Eric Rosengren said. Asian stocks traded cautiously, taking a lead from the U.S. markets, as investors waited for cues from the upcoming corporate earnings season and a key inflation report later this week. MKTS/GLOB .N
* Silver XAG= fell 0.6% to $24.69 and palladium XPD= inched down 0.1% to $2,672.30. Platinum XPT= slipped 0.6% to $1,163.57.
DATA/EVENTS (GMT) 0600 UK
GDP Est 3M/3/M
Feb 0600 UK
GDP Estimate MM, YY
Feb 0830 UK
Manufacturing Output MM Feb 0900 Germany ZEW Economic Sentiment April 0900 Germany ZEW Current Conditions April 1230 US
CPI MM, SA
March N/A China
Exports, Imports YY
March N/A China
Trade Balance
March