Gold dipped for a second session on Wednesday as global
equities and the dollar rose after strong U.S. manufacturing data that rekindled
speculation of a Federal Reserve interest rate hike this year. For more
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Market Outlook:-
- Spot gold slipped 0.2 percent to $1,230 an ounce by 0053 GMT, after dropping 0.5 percent in the previous session.
- The yen nursed broad losses early in Asia on Wednesday, having suffered a big reversal overnight as traders in London and New York took a brighter view on the global economy and dumped the safe-haven Japanese currency.
- Asian shares look set to test February highs on Wednesday.
- Chinese investors invested $1.03 trillion in foreign property, stocks and bonds in the decade to mid-2015, British property services firm Knight Frank calculates in its annual Wealth Report released on Wednesday.
- Gold dipped for a second straight session on Wednesday, as global equities and the dollar rose following strong U.S. manufacturing data that rekindled speculation of a Federal Reserve interest rate hike this year.
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