Bengaluru — Gold prices edged lower on Wednesday, pressured by stronger equities and a firmer dollar amid speculation over who will be the next US Federal Reserve chief. Spot gold was down 0.2% at $1,273.86/oz by 3.23am GMT and US gold futures for December delivery were 0.2% lower at $1,275.30/oz. "Gold fell overnight, and continues to point south this morning as market appetite improves on better Wall Street prints amid stronger than expected corporate earnings results," said OCBC analyst Barnabas Gan. Asian shares inched higher on Wednesday, while US treasury yields and the dollar got a lift following a report that Republican senators were leaning towards John Taylor to be the next Federal Reserve chief. "Moreover, the strengthening dollar on news of rising probability for John Taylor to be the next Fed chair is a key driver for softening gold prices into the week ahead," Gan said. US President Donald Trump used a lunch with Senate Republicans on Tuesday to get their views on who ...

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