• Spot gold was unchanged at $1,332.55 per ounce as of 0041 GMT, after falling 0.6 percent in the previous session.
U.S. gold futures eased 0.1 percent to $1,336.30 an ounce.
• The dollar index, which measures the greenback against six other major currencies, was down 0.1 percent at 90.140.
• The Trump administration on Tuesday raised the stakes in a growing trade showdown with China, announcing 25 percent tariffs on some 1,300 industrial technology, transport and medical products to try to force changes in Beijing's intellectual property practices.
• Speaking with CNBC, China's ambassador to the United States said his country would strike back against U.S. trade measures "very soon."
"We will certainly respond accordingly," said ambassador Cui Tiankai. "We will resort to the WTO — World Trade Organization — dispute settlement mechanism, and we'll, in accordance with Chinese laws, take measures to fight back."
• China's commerce ministry said on Wednesday it "strongly condemns and firmly opposes" the proposed U.S. tariffs following the Section 301 probe and will take counter measures, according to the official Xinhua news agency.
• The Perth Mint's sales of gold products rose about 13 percent in March from a month earlier, while month-on-month silver sales fell for a second month in a row, the mint said in a blog post on its website on Tuesday.
• The Reserve Bank of India (RBI) has dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began on April 1, in the latest setback for the country's third-biggest private sector lender.
• Gold could jump above $1,400 an ounce this year, with investors attracted to the safe-haven metal amid escalating fears of a global trade war, said CEO of Sprott U.S. Holdings Rick Rule.
Reference: Reuters
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