Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
Bank, property and healthcare stocks jumped, pushing Australian markets to a 11-year high, as Scott Morrison and the Liberal-led conservation government are poised for a...World Marketsread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Prime Minister Narendra Modi and his Bharatiya Janata Party are set to form the new government again, exit polls from India's month-long parliamentary elections show. But past...Electionsread more
The latest crisis in the uneasy French-German relationship was accelerated by Trump's decision to stop Germany's comfortable and decades-old free-riding on trade and security...Europe Politicsread more
While some fans of the long-running "Game of Thrones" felt satisfied by the show's final bow, others were quick to express their displeasure with how events unfolded.Entertainmentread more
Stocks in Asia were mixed on Monday amid a series of geopolitical developments across the region.Asia Marketsread more
Gold prices edged lower early Wednesday as equities gained and the dollar firmed amid waning risk-averse sentiment, with the market awaiting minutes from the U.S. Federal Reserve's latest policy meeting for fresh clues on the pace of interest rate hikes.
Spot gold was flat at $1,225.61 an ounce, but still near a 2½-month high of $1,233.26 per ounce hit on Monday.
U.S. gold futures were down 0.2 percent at $1,229 an ounce.
"The newly minted gold bulls are getting nervous as they haven't bought at good levels. They were in pretty much at the top and we see those guys exiting the market," said Stephen Innes, APAC trading head at OANDA in Singapore.
Asian equities rose on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street.
The dollar index, which measures the greenback against a basket of six major currencies, was up 0.1 percent.
The firming in equities and the dollar has led to the market discounting U.S. President Donald Trump's latest criticism of the Fed, which should have otherwise been supportive of gold, a Singapore-based trader said.
Trump heaped more criticism on the Fed, calling it 'my biggest threat' in an interview with Fox Business Network on Tuesday.
Last week, Trump criticized the U.S. central bank twice, saying it was raising interest rates so swiftly that it threatened the country's economic health.
The Fed raised interest rates last month for the third time this year and said it planned four more increases by the end of 2019 and another in 2020.
"The current case of interest rates normalisation is quite cemented and this is taking a little bit of the froth off gold markets," Innes said.
The release of the minutes from the Fed's September policy meeting is due at 1800 GMT, Wednesday.
Higher interest rates tend to boost the dollar and push bond yields up, putting pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion.
Spot gold still targets a range of $1,208-$1,217 per ounce, as it failed to break a strong resistance at $1,235, according to Reuters technical analyst Wang Tao.
Gold, usually seen as a safe store of value during political and economic uncertainty, remains more than 10 percent down from its April peak after investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates.