Gold inched up early Tuesday as the dollar slipped and equities eased ahead of central bank meetings in the United States and Japan this week.
* Spot gold rose 0.3 percent to $1,318.80 an ounce at 0051 GMT. Bullion fell 0.5 percent on Monday. * U.S. gold was little changed at $1,319.10 an ounce.
* Caution gripped Asian markets on Tuesday, sending the safe-haven yen higher ahead of the central bank meetings.
* The dollar index, which tracks the greenback against a basket of six major rivals, edged down 0.1 percent, below the previous session’s high of 97.569, its loftiest peak since March.
* The U.S. central bank is widely expected to stand pat on policy at its two-day meeting beginning on Tuesday.
* The U.S. financial system faces greater potential instability due to Britain’s decision to leave the European Union while low and negative interest rates also raise risks, a U.S. government monitor said on Monday.
* U.S. federal funds futures fell to four-week lows on Monday, signaling traders raised their bets the Federal Reserve would raise short-term interest rates by the end of 2016 if the economy shows further improvement.
* Optimism among British manufacturers fell in July to its lowest level since early 2009 after Britain’s decision to leave the European Union, a survey showed on Monday, even as output rose in the last three months.
* Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.46 percent to 958.69 tonnes on Monday.
* Russia and Kazakhstan continued to boost their gold reserves in June, data from the International Monetary Fund showed on Friday.
* Canadian gold miner Dundee Precious Metals Inc said a power outage in Namibia on Friday is expected to reduce its 2016 concentrate throughput by about 20,000 tonnes.