Gold prices inched up on Wednesday from a one-week low with the dollar holding steady, but speculation that President Donald Trump might pick a policy hawk to lead the U.S. Federal Reserve weighed on the metal. FUNDAMENTALS

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* Spot gold xau

* U.S. gold futures gccv1

* The dollar index , which measures the greenback against a basket of currencies, was little changed at 93.449 after gaining for four straight days.

* Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China`s Communist Party conference. [MKTS/GLOB]

* U.S. President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is likely to announce his choice before going to Asia in early November, a source familiar with the situation said on Tuesday.

* Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll - but most of them said current Fed Chair Janet Yellen would be the best option.

* The Federal Reserve Bank of Kansas City in September voted to raise the rate commercial banks are charged for emergency loans, according to minutes of a U.S. central bank meeting released on Tuesday.

* U.S. industrial production rebounded modestly in September as the lingering effects of Hurricanes Harvey and Irma hobbled activity at factories, but the outlook for the industrial sector remains bullish amid a strengthening global economy and weakening dollar.

* The price of gold is expected to rise to $1,369 an ounce by October next year, delegates to the London Bullion Market Association`s annual gathering predicted on Tuesday.

* Open interest on the London Metal Exchange`s (LME) precious metals contracts has topped 3 million ounces of gold, the exchange said, as it tries to muscle into a futures business dominated by rival CME Group.

* India`s Multi Commodity Exchange (MCX) on Tuesday launched the country`s first gold options contract in New Delhi to coincide with the gold-buying festival of Dhanteras.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)