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US gold for December delivery rose half a percent to $1,138.30 an ounce.

Investors will keep a sharp eye on the Labor Department’s monthly jobs report on Friday, which will be the last one before the Fed meets on September 16-17.

ASIA’S DAY: The Shanghai Composite Index posted its first gain in six days, bouncing back from losses that triggered worldwide selling and wiped almost 23 percent off its value over the past week.

At 11:06 a.m. EDT (1506 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 119.1 points, or 0.88 percent, at 13,477.31.

During the last week in August, the People’s Bank of China drew the attention of traders worldwide by cutting the benchmark lending rate 0.25 percentage point to 4.6%.

While Yao Yudong, head of the People’s Bank of China Research Institute of Finance and Banking, last week blamed the Fed for the market turmoil and said a US hike should be delayed, most central bankers from emerging markets contacted by Reuters said it will be better if...

The downdraft from China is rattling economies of its trade-reliant Asian neighbours and prompting many Western companies to reduce investments and look for ways to cut costs.

“If capital were to leave emerging economies, especially those that peg their currencies against the dollar, the natural thing to do is to sell Treasuries”, said Gene Tannuzzo, portfolio manager at Columbia Threadneedle Investments in Minneapolis.

Dudley suggested, however, that the Fed’s decision will depend more on global economic troubles then market volatility.

Stocks jumped on Wednesday as global markets showed tentative signs of regaining their footing after an extended rout fueled by growth concerns.

Brazil rules out selling United States dollars reserves to damp fx volatility, repo an option-source.

The Shanghai Composite Index, whose steep drop in recent days triggered worldwide selling, gained 5.3 per cent to close at 3,083.59 points, bouncing back from losses that wiped some 20 per cent off its value over the past week.

The Dow was up 332 points, or 2 percent, to 16,203 as of 11 a.m., while the Standard & Poor’s 500 index gained 42 points, or 2.2 percent, to 1,936.

U.S. stocks rebounded in afternoon trading Wednesday after slumping for six straight days on concern that growth in China was slowing more quickly than previously thought.

The US dollar bought 119.79 Japanese yen, higher than 118.62 yen of the previous session.