Gold hold gains on weaker dollar, rising stock cap gains.
Gold prices held to gains on Wednesday after rising .6% the session before on a weaker US dollar , but rising equities capped gains.
Spot gold was up slightly at USD 1263.31 an ounce by 0052 GMT.
American Merrlin lynch survey on Tuesday showed that global investors have raised their cash holdings back to post Brexit highs and cut bond allocations to 10-months low, on an anticipation that bond prices are at risk of a destabilizing selloff.
Crude rises on reported of US crude inventory draw , expected OPEC cut.
Oil prices roses 1 percent after crude inventories fell and an OPEC statement that production cut may be achievable. But it was also said by analyst that Chinese weak economic data may erode the bullish movement of crude.
The traders have a believe that a slightly weaker dollar may support the oil and it may happen that fuel purchases cheaper for countries using other currencies at home, potentially spurring demand.