Gold edged higher as the dollar index eased and equity markets in Asia pared losses after U.S. futures rose.
While equity benchmarks retreated across most of Asia, an increase in U.S. futures kept declines relatively contained and Chinese shares posted modest gains. Meanwhile, Federal Reserve Bank of Minneapolis President Neel Kashkari, who’s repeatedly called for caution on raising interest rates, said further tightening could trigger a recession.
Bullion for immediate delivery +0.2% at $1,224.4/oz at 8:10am in London; -0.2% on Tuesday.
Bloomberg Dollar Spot Index -0.1% after +0.5% day earlier.
Yield on 10-year Treasuries ticks up to 3.07%.
Other precious metals : Silver +0.8% , Platinum +0.5% , Palladium +1.2% after -1.7% on Tuesday.
Source : Bloomberg