Gold eases after 4-day gain, awaiting signal on U.S. ratesEnd to the Savings Glut

02-Sep (Reuters) — Gold eased on Wednesday as a rebound in stocks and the dollar arrested a four-day rally, with uncertainty over the timing of a looming U.S. rate hike limiting price moves ahead key U.S. non-farm payrolls data on Friday.

The metal retreated from early highs as European shares rose and U.S. stocks opened up almost 1 percent, rebounding from the previous day’s steep losses after fresh intervention from China helped calm jittery investors.

It also came under pressure from strength in the dollar, which rose 0.4 percent against a basket of currencies.

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