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Gold has stabilized around a 4-month low on Wednesday, after falling by nearly 1% in the previous session due to rising global equities, while the US economy has been weaker. a stronger dollar exacerbated the pressure on the metal.
Spot gold was down 0.1% to $ 1,286.38 an ounce at 10:04 GMT. In the previous session, metal fell to $ 1,272.70, its lowest level since December 27.
US gold futures edged up 0.1% to $ 1,278.10 per ounce.
Global equities have been on record highs for six months on Tuesday, as positive economic data in China and Germany boosted investor sentiment.
The euro weakened on Wednesday after the announcement that some European Central Bank policymakers had expressed divergent views, the market was waiting for Chinese economic data to get other clues.
Asian stocks began cautiously on Wednesday as investors eagerly awaited a string of Chinese data likely to show that stimulus measures seemed finally to gain momentum in the world's second-largest economy.
China is expected to announce on Wednesday that economic growth has slowed at its weakest pace for at least 27 years in the first quarter as policymakers seek to avoid a more pronounced slowdown that could lead to job losses.
Gold, an unproductive badet for investors seeking to protect themselves against periods of economic and political uncertainty, loses its appeal as productive equity interests rise.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.23% to 752.27 tonnes on Tuesday, from 754.03 tonnes on Monday.
The 12 regional banks of the US Federal Reserve have all supported the maintenance of interest rate interest rate commercial banks before the last meeting of the central bank, revealed minutes of Tuesday's talks.
Japanese Economy Minister Toshimitsu Motegi said on Tuesday that no agreement had been reached on individual trade issues with the United States after two days of talks with the US Trade Representative , Robert Lighthizer.
Standard Chartered said Tuesday that the palladium market deficit will widen in 2019 and 2020.
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