BENGALURU, July 13 (Reuters) - Gold on Wednesday hovered
near its lows from the previous session, when it suffered its
biggest fall in seven weeks, with global equities rallying on
easing political uncertainty as Britain looks set to get a new
prime minister.
FUNDAMENTALS
* Spot gold XAU= had edged up 0.2 percent to $1,333.45 per
ounce by 0053 GMT. It fell 1.7 percent on Tuesday in its biggest
one-day drop since May 24, touching a near two-week low of
$1,329.75.
* U.S. gold GCcv1 inched down 0.1 percent to $1,334.10, an
ounce, after falling 1.5 percent in the previous session.
* Asian shares came within reach of testing their 2016 peak
on Wednesday as prospects of solid U.S. growth and accommodative
economic policy in major countries whet investors risk appetite
damaged by uncertainty from Brexit. MKTS/GLOB
* The Federal Reserve should be in no rush to raise U.S.
interest rates despite a surge in June hiring and low inflation,
two senior Fed officials said.
* The U.S. economy likely expanded at a 2.3 percent
annualized rate in the second quarter following the latest data
on wholesale trade, the Atlanta Federal Reserve's GDPNow
forecast model showed on Tuesday.
* Theresa May, who will take over as Britain's prime
minister on Wednesday, has said she plans to set up a new
government department to lead the process of withdrawing the
country from the European Union.
* Japan's government is expected to cut its consumer
inflation forecast for the current fiscal year and produce an
estimate for fiscal 2017 that is much lower than the central
bank's 2 percent target, government sources told Reuters on
Tuesday.
* Holdings of SPDR Gold Trust GLD , the world's largest
gold-backed exchange-traded fund, fell 1.63 percent to 965.22
tonnes on Tuesday. GOL/
* Japan's Tanaka Holdings said it would buy Metalor
Technologies International SA, a privately held Swiss precious
metals refiner, to boost its business as local growth stagnates
due to a falling population.
* South Africa's Anglo American (LON:AAL) Platinum (Amplats) AMSJ.J
sees first-half profit down as much as 70 percent on an
inventory gain in the previous period and lower metal prices,
the company said on Tuesday.
* For the top stories on metals and other news, click
TOP/MTL or GOL
DATA AHEAD (GMT)
China Trade data June
0645 France Consumer prices June
0900 Euro Industrial production May
1230 US Import prices June
*No exact timing for China trade data