Gold is trading on the down side in early Asia on Wednesday, adding to previous day losses as dollar index is marching ahead firmly on rising bets of a rate hike. The dollar index that measures the greenback against a basket of currencies is seen at 110.53, fresh two decade lows tracking the benchmark treasury yields hovering at 3.34%. Data overnight confirmed US service sector activity continued to expand in August. Thus, positive signals of a recovery in US economy are believed to give the Fed the required space to raise rates further. Gold futures are currently down half a percent at $1703.20 an ounce. Powered by Commodity Insights
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