Dec 21 Gold extended its losses on Wednesday
after dipping in the previous session, dragged down as the U.S.
dollar stayed near 14-year highs against a basket of currencies.
* Spot gold was down 0.1 percent at $1,131.01 an
ounce by 0053 GMT. It fell 0.6 percent the day before.
* U.S. gold futures were also 0.1-percent lower, at
$1,133 per ounce.
* The U.S. dollar was encamped near 14-year peaks on
Wednesday as global yield spreads moved inexorably in its
favour, while a falling yen lifted Japanese shares to a one-year
* The dollar index, which measures the greenback
against a basket of currencies, stood at 103.270, having touched
103.65 on Tuesday, its highest since December 2002.
* Bank of Japan Governor Haruhiko Kuroda on Tuesday offered
an upbeat view of the economy but sought to douse market talk
the central bank may soon consider raising interest rates.
* Russia's central bank, which is seeking to diversify its
reserves, posted a large monthly gain in its gold reserves for
the second consecutive month on Tuesday.
* India's gold imports from Switzerland hit their highest in
a year last month, data from the Swiss customs bureau showed on
Tuesday, making it the biggest destination for bullion exports
from the trading and refining hub.
* Great Panther Silver Ltd has entered into
agreement with units of Nyrstar N.V. to acquire the Coricancha
gold-silver-lead-zinc-copper mine and mill complex in Peru.
* New standards for the use of precious metals in Islamic
finance are encouraging the development of financial products
based on gold and silver, from futures contracts to a mobile
* For the top stories on metals and other news, click
DATA AHEAD (GMT)
1500 Euro zone Consumer confidence flash December
1500 U.S. Existing home sales November
(Reporting by Swati Verma in Bengaluru; Editing by Joseph