Gold
held on to its losses early on Wednesday after falling 0.6 percent the session
before, with the dollar advancing versus the yen.
FUNDAMENTALS
Spot gold was down 0.1 percent at USD 1,316.90 an ounce by 0105 GMT.
US gold futures eased 0.1 percent to USD 1,321.90 an ounce.
The dollar stood atop sizeable gains versus the yen early on Wednesday. The
greenback was up 0.3 percent at 102.82 yen, after touching a one-week high of
102.87.
The 10-year US Treasury yield rose to a three-month high of 1.752 percent,
having risen more than 20 basis points from a week ago.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded
fund, fell 0.47 percent to 935.49 tonnes on Tuesday.
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MARKET REPORT
Asian shares wallowed near six-week lows on Wednesday, bruised by a fall in oil
prices on renewed worries about a supply glut.
Oil prices dropped as much as 3 percent on Tuesday after both the world's
energy watchdog and OPEC revised forecasts that signalled the global crude glut
could persist for much longer than expected.
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