* FOMC Nov 7-8 meeting minutes to be released later this week
* Palladium gains after declining 3 pct on Friday
By Karthika Suresh Namboothiri
BENGALURU, Nov 26 (Reuters) - Gold rose on Monday as fears of a slowdown in global economic growth and uncertainty surrounding the U.S. interest rate trajectory bolstered the metal's appeal ahead of a G20 meeting, with the focus on U.S.-China trade tensions.
Spot gold XAU= rose 0.3 percent higher to $1,226.0 per ounce by 0834 GMT. U.S. gold futures GCcv1 were up about 0.4 percent at $1,227.5 per ounce.
"People are moving some capital into gold at this time, given the uncertainties around the pace of rate hikes by the U.S. Federal Reserve, the U.S.-China trade war," said Brian Lan, managing director at Singapore dealer GoldSilver Central.
U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet on the sidelines of a G20 summit in Argentina at the end of this week.
Officials from some G20 countries, anxious to see a swift end to the Sino-U.S. trade war, are hopeful but not confident that the meeting may yield at least a partial ceasefire. growing unease regarding the G20 summit and the possibility of a deal has seen gold prices hold up relatively well," analysts at ANZ said in a note.
However, analaysts said gold's direction in the near term will largely be dictated by the dollar's movement, which has significanly dented bullion's appeal as a safe haven during political and economic uncertainty.
Gold declined over 10 percent from a peak in April while the dollar gained as the trade tussle unfolded against a backdrop of higher U.S. interest rates.
The dollar index .DXY , which measures the greenback against a basket of six major currencies, was 0.1 percent lower. Meanwhile, Asian stocks posted modest gains althouth overall risk appetitie was tempered by a recent rout in oil markets. USD/ MKTS/GLOB
The U.S. Fed's Federal Open Market Committee will also release the minutes from its Nov. 7-8 policy meeting later this week. The market will look for any discussion of what conditions might bring about a Fed pause. Chairman Jerome Powell will speak on Wednesday while Vice Chairman Richard Clarida's speech is due on Tuesday. FED/DIARY
"Looking at some economic data earlier this month -- such as U.S. jobs data, which showed some stagnancy in growth -- if there is any such threat to the data points, we may see the interest rate scenario becoming slightly dovish," said Ajay Kedia, director at Kedia Commodities in Mumbai.
Among other precious metals, silver XAG= climbed 1.2 percent to $14.41 an ounce and platinum XPT= rose 0.7 percent to $842.65.
Palladium XPD= gained 1.3 percent at $1,133.99 an ounce. Prices fell about 3 percent in the previous session, their biggest one-day percentage decline since Aug. 15.