Gold prices steady near one-week high

LONDON, Mar 15 (Reuters): Gold prices on Thursday were steady near a one-week high hit in the previous session amid political tensions between Britain and Russia, and renewed worries about a global trade war.

Spot gold was nearly flat at $1,325.06 per ounce at 0741 GMT, while U.S. gold futures for April delivery were almost unchanged at $1,325.20 per ounce.

"Gold has been supported by geopolitical factors as well as dollar weakness ... Stock markets were down overnight, we've got a bit of risk-aversion coming back in," said a Hong Kong based trader. He declined to be identified as he was not authorised to speak with media.

Asian stocks sagged while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions will hurt the global economy.

The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said on Wednesday, clarifying a tweet last week from President Donald Trump.