(Corrects spelling of Reserve in second bullet)
June 10 (Reuters) - Gold prices held firm on Wednesday as a
dip in equity markets boosted some demand for the safe-haven
metal while investors await the end of the U.S. central bank's
meeting for its remarks on state of the economy and clues on
future measures.
FUNDAMENTALS
* Spot gold XAU= was up 0.1% at $1,715.94 per ounce by
1257 GMT. U.S. gold futures GCv1 were flat at $1,721.50.
* A U.S. Federal Reserve statement is due at 1800 GMT on
Wednesday.
* The Fed will publish their first economic projections
since the coronavirus pandemic set off a recession in February,
estimates expected to signal a collapse in output this year and
near-zero interest rates for the next few years. * Asian equities slipped on Wednesday after most U.S. stocks
pared gains made during their recent rally, although the Nasdaq
benchmark rose to a record high for the second consecutive day.
MKTS/GLOB
* Layoffs in the U.S. fell in April, while hiring hit an
all-time low, suggesting the labour market could take time to
recover despite a surprise rebound in employment in May.
* A fall in household spending and investment pulled down
euro zone gross domestic product in the first quarter, the
European Union's statistics office said.
* SPDR Gold Trust GLD , the world's largest gold-backed
exchange-traded fund, said its holdings dipped 0.1% to 1,124.60
tonnes on Tuesday. GOL/ETF
* Palladium XPD= climbed 1.2% to $1,963.20 per ounce and
silver XAG= was flat at $17.60, while platinum XPT= fell
0.3% to $834.46.
DATA/EVENTS (GMT)
0130 China PPI, CPI YY May
1230 US CPI MM, SA May
1800 US Federal Open Market Committee announces
its decision on interest rates followed by statement