BENGALURU, June 29 (Reuters) - Gold rose early on Wednesday after dropping about a percent in the prior session, as concerns of uncertainty across financial markets in the aftermath of Britain's vote to exit the European Union continued to burnish the metal's safe-haven appeal.
FUNDAMENTALS
* Spot gold
* U.S. gold
* Spot gold was at its highest relative to platinum
* Gold, which hit a more than two-year top of $1,358.20 on Friday, has risen 24 percent so far this year.
* European leaders have asked Britain to act quickly to resolve the political and economic confusion unleashed by its vote to exit the European Union, after the IMF said the uncertainty could pressure global economic growth.
* Britain's vote to leave the bloc could pose a new drag on the U.S. economy at a time when momentum in the U.S. job market may already be slowing, Federal Reserve governor Jerome Powell said on Tuesday.
* The pound and the euro hovered above their post-Brexit lows as a brief short-covering spell lent a semblance of stability to the battered European currencies, though they remained hampered by longer-term uncertainty.
* Japan's retail sales fell more than expected in May in a third straight month of annual declines, keeping policymakers under pressure for more stimulus to support a fragile economic recovery.
* For the top stories on metals and other news, click
MARKET REPORT
* Asian share markets joined a global rally on Wednesday as the immediate impact of Britain's vote to leave began to wane and investors wagered central banks would have to ride to the rescue with more stimulus measures.
* Oil rose early on Wednesday as financial traders poured money back into commodities and as a potential strike in Norway and crisis in Venezuela threatened to cut supply.
DATA AHEAD (GMT)
0600 Germany GfK consumer sentiment Jul
0900 Euro zone business climate Jun
1200 Germany consumer prices Jun
1230 U.S. personal income May
1330 Federal Reserve Chair Janet Yellen speaks at ECB event
1400 U.S. Pending home sales May
(Reporting by Vijaykumar Vedala in Bengaluru; Editing by Himani Sarkar) ((vijaykumar.vedala@thomsonreuters.com; +91-80-6749-6421 / 1298)(If within U.S. call 651-848-5832)(; Reuters Messaging: vijaykumar.vedala.thomsonreuters.com@reuters.net))
FUNDAMENTALS
* Spot gold
* U.S. gold
* Spot gold was at its highest relative to platinum
* Gold, which hit a more than two-year top of $1,358.20 on Friday, has risen 24 percent so far this year.
* European leaders have asked Britain to act quickly to resolve the political and economic confusion unleashed by its vote to exit the European Union, after the IMF said the uncertainty could pressure global economic growth.
* Britain's vote to leave the bloc could pose a new drag on the U.S. economy at a time when momentum in the U.S. job market may already be slowing, Federal Reserve governor Jerome Powell said on Tuesday.
* The pound and the euro hovered above their post-Brexit lows as a brief short-covering spell lent a semblance of stability to the battered European currencies, though they remained hampered by longer-term uncertainty.
* Japan's retail sales fell more than expected in May in a third straight month of annual declines, keeping policymakers under pressure for more stimulus to support a fragile economic recovery.
* For the top stories on metals and other news, click
MARKET REPORT
* Asian share markets joined a global rally on Wednesday as the immediate impact of Britain's vote to leave began to wane and investors wagered central banks would have to ride to the rescue with more stimulus measures.
* Oil rose early on Wednesday as financial traders poured money back into commodities and as a potential strike in Norway and crisis in Venezuela threatened to cut supply.
DATA AHEAD (GMT)
0600 Germany GfK consumer sentiment Jul
0900 Euro zone business climate Jun
1200 Germany consumer prices Jun
1230 U.S. personal income May
1330 Federal Reserve Chair Janet Yellen speaks at ECB event
1400 U.S. Pending home sales May
(Reporting by Vijaykumar Vedala in Bengaluru; Editing by Himani Sarkar) ((vijaykumar.vedala@thomsonreuters.com; +91-80-6749-6421 / 1298)(If within U.S. call 651-848-5832)(; Reuters Messaging: vijaykumar.vedala.thomsonreuters.com@reuters.net))
