PRECIOUS-Gold dips on dollar strength, cenbank meetings in focus

* Dollar hits near one-month high
* Tech rout roils Asian shares
* Interactive graphic tracking global spread of coronavirus:
open
https://tmsnrt.rs/3aIRuz7 in an external browser

(Recasts, adds technicals, updates prices)
By Brijesh Patel
Sept 9 (Reuters) - Gold prices slipped on Wednesday as a
stronger dollar offset support from a pullback in global
equities, while investors awaited monetary policy strategies
from central banks this week.
Spot gold XAU= was down 0.3% at $1,925.97 per ounce by
0616 GMT. U.S. gold futures GCcv1 fell 0.5% to $1,933.80.
"Traders in Asia will adopt a cautious tone, preferring to
wait for New York to open and clearer evidence as to whether the
USD rally and stock market sell-off will continue," said Jeffrey
Halley, a senior market analyst at OANDA.
"However, a deeper correction below $1,900 cannot be ruled
out if the dollar stays strong," he added.
Weighing on gold's appeal, the dollar index .DXY rose to a
near one-month high against its rivals. USD/
But bullion found some support as Asian shares weakened,
following a tech-led selloff on Wall Street on Tuesday that had
forced investors to seek safe havens. MKTS/GLOB
Investors now await the outcome of the European Central
Bank's policy meeting, due on Thursday. While no major policy
moves are expected since it has acted aggressively to shore up
the virus-hit economy, investors will watch out for its
inflation forecasts.
Gold is used as a hedge against inflation and currency
debasement.
The Bank of Canada's policy meeting is also on Wednesday,
while the U.S. Federal Reserve's meeting is scheduled for next
week.
On the technical front, spot gold is expected to retest a
support at $1,906 per ounce, a break below which could cause a
fall to $1,880, said Reuters technical analysts Wang Tao.
TECH/C
Elsewhere, platinum XPT= was down 0.1% at $900.57 per
ounce. On Tuesday, the World Platinum Investment Council changed
its forecast for the market in 2020 from a surplus to a deficit.
Silver XAG= dipped 0.2% to $26.65 per ounce, while
palladium XPD= rose 0.5% at $2,284.75.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
gold https://tmsnrt.rs/3bDiOj7
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>