* Fed meeting starts on Tuesday * Focus on pace of Fed rate hikes (updates prices, adds quote) By Nithin ThomasPrasad BENGALURU, June 12 Gold inched up on Monday as Asian stocks fell and the dollar eased ahead of a U.S. Federal Reserve policy meeting that could give clues on the pace of interest rate hikes over the rest of the year. With the Fed widely expected to raise interest rates at its two-day meeting that ends on Wednesday, the focus will be on any fresh hints on the pace of further tightening in the months to come and next year, and any further details on its plans for trimming its balance sheet. The focus is on whether the Fed is looking at three or four rate hikes this year, according to Argonaut Securities analyst Helen Lau. Higher interest rates tend to boost the dollar and bond yields, putting pressure on gold prices by increasing the opportunity cost of holding non-yielding bullion. "With the UK event risk successfully negotiated, it would appear the market is putting more emphasis on this week's FOMC (Federal Open Market Committee) rate hike," said Jeffrey Halley, a senior market analyst with OANDA, adding that markets had priced in an almost 100 percent chance the Fed would lift rates. The market is also anxious to see if the Fed becomes more dovish in its outlook, he said. Spot gold was up 0.1 percent at $1,266.90 an ounce as of 0813 GMT, after shedding 1 percent in its biggest one-day percentage decline since May 18 in the previous session U.S. gold futures for August delivery fell 0.2 percent to $1,269 an ounce. In the wider markets, Asian stocks edged lower in early trade on Monday following a slide by U.S. technology shares. The dollar index against a basket of currencies dipped 0.1 percent to 97.135 following its rise to a nine-day high of 97.500 on Friday. Among other metals, spot palladium was up 0.2 percent at $892.50 per ounce after rising to a high of $911.50 an ounce, just below a 16-year high hit on Friday. "The palladium market is experiencing a short-squeeze which we believe is driven by investment demand rather than industrial demand," Julius Baer analyst Carsten Menke said in a note. "Eventually, the weaker demand backdrop from automotive catalysts should be reflected in deteriorating sentiment and falling prices. We remain bearish and stick to our short-recommendation." Silver was down 0.1 percent at $17.15 per ounce, while platinum rose 1.1 percent to $943.30 per ounce. (Reporting by Nithin Prasad in Bengaluru; Editing by Joseph Radford and Subhranshu Sahu)
UPDATE 1-Corruption charges against Brazil's Temer expected to come in waves -source
June 23 Brazil's top federal prosecutor will level corruption charges against President Michel Temer one at a time instead of making all the accusations at once, a strategy aimed at weakening his defense, a source with direct knowledge of the process told Reuters on Friday.
INSIGHT-Under pressure, Western tech firms bow to Russian demands to share cyber secrets
WASHINGTON/MOSCOW, June 23 Western technology companies, including Cisco, IBM and SAP , are acceding to demands by Moscow for access to closely guarded product security secrets, at a time when Russia has been accused of a growing number of cyber attacks on the West, a Reuters investigation has found.