Gold is slightly higher in Asia-Pac trade on...>

GOLD: Gold is slightly higher in Asia-Pac trade on Wednesday, the yellow metal

last up $0.84 at $1,281.09. If gold finished higher on Wednesday it would be the

3rd day of gains after an initial blip lower on Tuesday proved short lived.

- DXY has dropped during Asia trade, last at 93.933 from session high of 93.889.

Trade seems cautious ahead of US CPI data in the session with markets keen to

see how inflation will feed into monetary policy ahead of the December Fed

meeting. 

- The tax bill is also in focus, the House could vote as soon as Thursday, while

Senate Finance Committee Chairman Hatch released a modified version of the

Senate's version of the plan which attempts to repeal the ACA individual mandate

tax and lowers middle income tax rates.

- MNI technical analysis sees support at $1,273.50 hourly support, resistance is

seen at $1,284.30 hourly resistance. Through here and then the $1289.9 Fibo

level once again becomes the marker to cross, before the upside is released to

make further inroads into the losses sustained since last month's $1306.1 high.