"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not.2020 Electionsread more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Wall Street analysts estimate GM has lost more than $1 billion due to the United Auto Workers' strike, which began Sept. 16.Autosread more
Check out the companies making headlines in midday trading:Market Insiderread more
Harley-Davidson has halted production and deliveries of its new LiveWire electric motorcycle after reportedly discovering a problem with its charging mechanism.Transportationread more
Uber has laid off about 350 employees across several teams within the organization.Technologyread more
"Both parties lose from the trade war, but the numbers suggest that the damage to the U.S. side is greater, in percentage terms," says the PAG chairman.China Economyread more
A passenger has complained to United Airlines after a fellow traveler was allowed to fly with a T-shirt that called for hanging journalists.Airlinesread more
"I fear that's what we're headed into" here in America, warns the former Treasury secretary.Economyread more
"But I expect we'll have a deal," Mnuchin tells CNBC.Politicsread more
Gold prices rose on Wednesday and the dollar slipped against a basket of currencies and as the market waited for clues to the timing of interest rate rises in the United States.
Spot gold was trading up 0.18 percent at $1,326.10. an ounce. It touched $1,315.27 on Tuesday, the lowest in more than a week. U.S. gold futures settled up $2.40 at $1,326.10 and were last up 0.2 percent at $1,326.30 an ounce.
Expectations the U.S. Federal Reserve will raise rates at next week's policy meeting have receded, putting pressure on the U.S. currency which when it falls makes gold cheaper for holders of other currencies.
"The big picture is the Fed rate hike, which is going to be the biggest factor for gold, so in the short-term markets will be looking at U.S. data," said Natixis analyst Bernard Dahdah.
"It's all about the opportunity cost of holding gold. Higher interest rates make it more expensive to hold gold, which has zero yield."
Markets are pricing in just a 15 percent chance that U.S. interest rates will be hiked this month, according to CME FedWatch. Many now expect a rise in December after the Presidential election.
Goldman Sachs puts the chances of a rate hike in December at 40 percent.
"We believe any decision to raise rates in 2016 will ultimately be viewed as a misstep that increases financial and economic risks, and this will be to gold's benefit," said Joe Foster, portfolio manager and strategist of VanEck International Investors Gold Fund in New York.
"In the meantime, however, the anticipation of a rate increase and any attendant U.S. dollar strength could cause gold to struggle," he added.
UBS Wealth Management Research said in a note that it held its three-month price range at $1,275-$1,425 an ounce, but raised its six- and 12-month forecasts to $1,350.
"Gold is open to setbacks in the short term, given the elevated long speculative positioning and pessimistic rates markets," UBS said.
Technically, initial resistance comes in around $1,330, near the 21-day moving average.
"Gold is approaching the important $1,300-$1,310 support zone, which has held incredibly well since the Brexit rally and will be a key focus for traders in the short term," said Alex Thorndike, senior precious metals dealer at MKS PAMP Group.
Spot silver was up 0.46 percent at $18.94 an ounce.
Platinum gained 0.34 percent at $1,035.70. It fell more than 2 percent to touch an over 2-month low to $1,026.10 on Tuesday. Palladium rose 0.3 percent at $653.47 and compares with an 8-week low of $648.72 on Tuesday.