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The dollar was steady near the one-month high against its

counterparts, making gold more expensive for other currency

holders. Some investors view gold as a hedge against higher

inflation that could follow stimulus measures.

 

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Gold prices edged lower on Wednesday on the US dollar

strengthening. Investors are also waiting for the US Fed

meeting’s outcome for hints on tapering of economic support

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  • 11:30 GBP CPI y/y
  • GBP Core CPI y/y
  • GBP PPI Input m/m
  • GBP PPI Output m/m
  • GBP RPI y/y
  • 12:30 CNY Fixed Asset Investment ytd/y
  • CNY Industrial Production y/y
  • CNY Retail Sales y/y
  • CNY Unemployment Rate
  • 2:00 GBP HPI y/y
  • Tentative EUR German 10-y Bond Auction
  • Tentative GBP 30-y Bond Auction
  • 6:00 CAD CPI m/m
  • CAD Common CPI y/y
  • CAD Median CPI y/y
  • CAD Trimmed CPI y/y
  • CAD Core CPI m/m
  • CAD Wholesale Sales m/m
  • USD Building Permits
  • USD Housing Starts
  • USD Import Prices m/m
  • 8:00 USD Crude Oil Inventories
  • 11:30 USD FOMC Economic Projections
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  • USD Federal Funds Rate

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Oil prices rose on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in demand encouraged investors.

Brent crude was up 69 cents, or 0.9%, at $74.68 a barrel by 0200 GMT, having risen 1.6% on Tuesday.

U.S. crude gained 66 cents, or 0.9%, to $72.78 a barrel, after rising 1.7% in the previous session.

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