- Gold ticked higher on Wednesday on a softer dollar and weak U.S. economic data, but the metal traded in a tight range as investors waited for the Federal Reserve's policy decision later in the session.
- Spot gold XAU= had risen 0.2 percent to $1,245.40 an ounce by 0041 GMT.
- Gold prices that hit a 13-month high last month are likely to fall back in the short term because of a slump in demand from key Asian consumers.
- Global gold demand tumbled by 24 percent year on year to 781 tonnes in the first three months of the year.
- Asian stocks inched up, while the dollar fell for a third session.
- Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar.
Wednesday, 27 April 2016
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