In across the board selling by the investors, the benchmark indices tumbled for a third day while volatility shot up ahead of the US Federal Reserve outcome later today and Thursday's F&O expiry
Spot gold was up 0.4% at $1,806.00 per ounce, as of 0328 GMT. US gold futures rose 0.4% to $1,806.90
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.35% in early trading
Spot gold was flat at $1,797.71 per ounce by 0324 GMT. US gold futures fell 0.1% to $1,797.70 per ounce.
Spot gold rose 0.3% to $1,806.80 per ounce by 0649 GMT.
TOKYO (Reuters) - The U.S. dollar hovered near its strongest level since early April against the euro on Monday, as financial markets looked ahead to the Federal Open Market Committee (FOMC) meeting this week for clues on the timing of stimulus tapering.
RBI should not continue to ignore inflation risks
Since the outbreak of the pandemic, the US Fed's balance sheet has risen 76 per cent from $4.2 trillion in March 2020 to $ 8.2 trillion on Wednesday
The remarks sent the pound higher as much as 0.3 per cent
Consumer prices soared in June by the most since 2008
'I am legitimately undecided on whether the benefits outweigh the costs or vice versa,' Powell said
Gold prices slipped on Thursday, just below a four-week high hit in the previous session as dollar clawed up in Asia trade after falling day before
Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the US economy was 'still a ways off' from levels the central bank wanted to see before tapering its monetary support
The US Federal Reserve said that the Covid-19 pandemic continues to weigh on the American economy and the labour market, reiterating the central bank will maintain its ultra-loose monetary policy
Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul retreated. Sydney gained.
Gold prices slipped on Thursday, weighed down by a stronger dollar after minutes from the US Federal Reserve's latest meeting highlighted inflationary pressures
Inflation is showing signs of stickiness, but it is only a "transitory hump" that should moderate in the third quarter, he said.
Federal Reserve officials last month felt substantial further progress on the US economic recovery "was generally seen as not having yet been met"
The dollar index, which measures the greenback against six rivals, held its ground at 92.702, little changed from Wednesday, when it touched 92.844 for the first time since April 5
US Treasuries prices maintained gains on Wednesday, holding down yields, and two stock indexes notched record highs