By: Reuters
Spot gold [XAU= 1644.09 
-4.81 (-0.29%) 
] fell 0.5 percent to $1,641.19 an ounce at 0030 GMT, down for a fifth day in sixth.
Gold fell on Wednesday, after its first rebound in five days the previous day, as investors flocked to the U.S. dollar for safety as doubts flickered over European nations' commitment to a plan to recapitalize the region's banks.
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-4.81 (-0.29%) ] fell 0.5 percent to $1,641.19 an ounce at 0030 GMT, down for a fifth day in sixth.U.S. gold [GCCV1 1646.00 -6.50 (-0.39%) ]declined 0.5 percent to $1,643.90, headed for its 12th straight quarter of gains.
-6.50 (-0.39%) ]declined 0.5 percent to $1,643.90, headed for its 12th straight quarter of gains. Reports showed European officials considering plans to make the region's bailout fund many times larger and to recapitalize banks.
The dollar index [.DXY 77.83 
0.33 (+0.43%) ] increased 0.4 percent to 77.821, after two days of declines. A stronger dollar makes purchases of dollar-denominated commodities less attractive for investors holding other currencies.
0.33 (+0.43%) ] increased 0.4 percent to 77.821, after two days of declines. A stronger dollar makes purchases of dollar-denominated commodities less attractive for investors holding other currencies.U.S. stocks rose for a third straight day on Tuesday on hopes European leaders will beef up the euro zone's rescue fund and tackle the region's debt crisis.
The Dow Jones industrial average [.DJI 11190.69 146.83 (+1.33%) ] closed up 1.33 percent at 11,190.69 on Tuesday. The Standard & Poor's 500 Index [.SPX 1175.38 12.43 (+1.07%) ] rose 12.43 points, or 1.07 percent, at 1,175.38.
146.83 (+1.33%) ] closed up 1.33 percent at 11,190.69 on Tuesday. The Standard & Poor's 500 Index [.SPX 1175.38 12.43 (+1.07%) ] rose 12.43 points, or 1.07 percent, at 1,175.38. Oil lost more than $1 a barrel to $83.36 in early Asian trade on Wednesday as the U.S. dollar gained, making the dollar-denominated asset more expensive.London Brent crude [LCOCV1 106.22 -0.92 (-0.86%) ] lost 72 cents to $106.42 a barrel.
-0.92 (-0.86%) ] lost 72 cents to $106.42 a barrel. The euro consolidated gains in Asia on Wednesday as investors clung to hopes European leaders were making progress on a major debt deal, even if it was behind the scenes, though a late pullback on Wall Street could augur a choppy session.
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