Gold prices held steady on Wednesday as the dollar remained firm, with safe-haven demand for the metal buoyed after U.S. President Donald Trump`s latest comments on tensions over North Korea.FUNDAMENTALS

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* Spot gold xau

* U.S. gold futures gccv1

* The dollar index , which tracks the greenback against a basket of six major currencies, was steady at 91.890. [USD/]

* Asian shares inched to a 10-year peak on Wednesday, following Wall Street higher, while the dollar`s rise against the yen helped boost Japanese shares. [MKTS/GLOB]

* U.S. President Donald Trump said on Tuesday that U.N. sanctions on North Korea agreed this week were a small step and nothing compared to what would have to happen to deal with the country`s nuclear programme.

* U.S. Treasury Secretary Steven Mnuchin said on Tuesday that if China doesn`t follow the United Nations sanctions approved on North Korea, he will seek new financial sanctions on Beijing to cut off access to the U.S. financial system.

* The U.S. poverty rate fell for the second straight year in 2016, while median income rose to an all-time high of $59,000 as the economy made up ground lost during the 2007-2009 recession, federal government data released on Tuesday showed.

* Unconventional central bank tools have largely worked and should remain part of the policy arsenal despite some deficiencies, European Central Bank Vice President Vitor Constancio said on Tuesday.

* British inflation hit its joint highest level in more than five years in August, complicating the Bank of England`s job this week of explaining why it is not raising interest rates.

* Japan Prime Minister Shinzo Abe said he wants the country`s central bank to focus on monetary policies geared at achieving its 2 percent inflation target, regardless of who becomes the next Bank of Japan governor, the Nikkei newspaper said on Wednesday.

* SPDR Gold Trust , the world`s largest gold-backed exchange-traded fund, said its holdings rose 0.35 percent to 838.64 tonnes on Tuesday from 835.68 tonnes on Monday. [GOL/ETF]

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