BENGALURU, June 22 (Reuters) - Gold hovered near its lowest
in over a week on Wednesday as the dollar and Asian stocks
remained steady on increasing indications that Britain would
vote to remain in the European Union.
FUNDAMENTALS
* Spot gold XAU= was nearly flat at $1,268.16 an ounce by
0058 GMT. Bullion fell 1.7 percent on Tuesday registering its
biggest one-day loss in a month, touching a low of $1,264.10,
its worst since June 10.
* U.S. gold GCcv1 was down 0.1 percent at $1,271 an ounce.
* A vote on June 23 by Britain to leave the 28-member EU,
dubbed "Brexit," could tip Europe back into recession, putting
more pressure on the global economy, thereby increasing the
safe-haven appeal of bullion.
* The Federal Reserve's ability to raise interest rates this
year may hinge on a rebound in hiring that would convince
policymakers the U.S. economy is not faltering, its head Janet
Yellen told lawmakers on Tuesday.
* The dollar clung onto modest gains early on Wednesday,
while sterling's short-covering rally lost momentum. USD/
* Asian stocks were steady on Wednesday as nervous investors
counted down to Britain's make-or-break EU referendum, while
Yellen's cautious tone on future rate hikes added to a subdued
mood in markets.
* Gold could push on to its highest in nearly three years if
the vote for Britain to leave the EU on Thursday lifts prices
above key resistance at last week's high, technical analysts
said on Tuesday.
* Holdings in SPDR Gold Trust GLD , the world's largest
gold-backed exchange-traded fund, rose 0.39 percent to 912.33
tonnes on Tuesday, the highest since September 2013. GOL/ETF
* Global demand for palladium in automobiles will rise
nearly 3 percent to a record in 2016 on growing Chinese demand
for small cars and as lower oil prices have spurred U.S. sales
of light trucks, CPM Group said on Tuesday.
* Anglo American (LON:AAL) Platinum AMSJ.J (Amplats) expects its
half-year profit to fall by at least 20 percent due to weaker
metal prices, the South African miner said on Tuesday.
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TOP/MTL or GOL
DATA AHEAD (GMT)
1300 U.S. monthly home price index Apr
1400 Euro zone consumer confidence Jun
1400 U.S. existing home sales May