BENGALURU, June 15 (Reuters) - Gold dipped slightly on
Wednesday, after touching a near six-week high in the previous
session, as the market awaited the U.S. Federal Reserve's policy
statement and amid concerns over a potential British exit from
the European Union.
FUNDAMENTALS
* Spot gold XAU= was down 0.2 percent to $1,282.91 an
ounce by 0102 GMT. Bullion touched a session-peak of $1,289.80
on Tuesday, its highest since May 6.
* U.S. gold GCcv1 edged 0.2 percent lower to $1,286.20
* A statement from the Fed is expected later in the day
after the conclusion of its two-day Federal Open Market
Committee (FOMC) meeting.
* U.S. retail sales rose strongly in May suggesting that
economic growth was gaining steam despite a sharp slowdown in
job creation.
* U.S. economy is on track to grow by a 2.8 percent
annualized rate in the second quarter, Atlanta Federal Reserve's
GDPNow forecast model showed on Tuesday.
* Evidence that the U.S. neutral rate of interest remains
stalled near zero may slow the Fed rate hikes even more than
expected.
* 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.
* Jeffrey Gundlach, the chief executive of DoubleLine
Capital, said investors are dropping risky assets and turning to
safer securities including Treasuries and gold because they are
losing faith in central banks.
* Gold priced in sterling rose to its highest since
September 2013 on Tuesday as the British pound fell to a fresh
8-week low versus the dollar GBP= . The euro nursed losses
against the dollar early on Wednesday
* Holdings in SPDR Gold Trust GLD , the world's largest
gold-backed exchange-traded fund, 0.27 percent to 898.67 tonnes
on Tuesday, the highest since October 2013. GOL/ETF
* South Africa's National Union of Mineworkers (NUM) said
its members will return to work for the nightshift on Tuesday at
Northam Platinum's NHMJ.J Zondereinde after staying away since
Monday last week after violence broke out at the
site.
* For the top stories on metals and other news, click
TOP/MTL or GOL
MARKET REPORT
* Asian shares dipped to near three-week lows while
safehaven assets such as U.S. bonds and the yen were in demand
on Wednesday. The dollar was little changed against the yen,
having pulled back from an overnight low of 105.63. MKTS/GLOB
USD/
DATA AHEAD (GMT)
0900 Euro zone Eurostat trade Apr
1230 U.S. New York Fed manufacturing Jun
1315 U.S. industrial output May
1800 Federal Open Market Committee releases policy statement
1830 Fed Chair Janet Yellen holds news conference