* Spot gold had ticked up 0.4 percent to USD 1,121.30 an ounce by 0036 GMT, after sliding over 4 percent in the last five sessions.
* The metal slumped to USD 1,114.10 on Tuesday, the lowest since Oct. 2. US gold futures GCcv1 also slid to a one-month low of USD 1,113.60 in the previous session.
* Bullion has been under pressure since the Federal Reserve last week hinted at a rate hike in December, reversing earlier market expectations that the first US rate increase in nearly a decade could be delayed to next year on global growth concerns.
* Gold tends to benefit from very low rates as a non-interest-paying asset.
* Strength in the dollar and equities were also dragging on gold. Asian shares rose on Wednesday, taking early cues from overnight Wall Street gains, while sharper risk appetite from investors lifted US debt yields and supported the dollar.
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