Jan 28 (Reuters) - Gold prices dipped on Wednesday, after rising over 3% to a record high just under the $5,200 mark in the previous session, as the U.S. dollar plunged to a near four-year low amid persisting geopolitical concerns.
FUNDAMENTALS
* Spot gold XAU= slid 0.5% to $5,161.58 per ounce as of 0025 GMT, after scaling a record $5,189.89 the previous day.
* U.S. gold futures GCcv1 for February delivery added 1.5% to $5,158.90 per ounce.
* Global stocks rose for a fifth consecutive session on Tuesday, reaching an intraday record as the pace of the U.S. earnings season picked up, while the dollar sank ahead of a policy announcement from the Federal Reserve. MKTS/GLOB
* The dollar extended losses to sink to a four-year low against a basket of currencies on Tuesday, after President Donald Trump said the value of the dollar is "great" when asked whether he thought it had declined too much. USD/
* Benchmark 10-year U.S. Treasury yields US10YT=RR rose after data was released indicating a loss of consumer confidence.
* Spelling bad news for the state of the U.S. economy moving forward, consumer confidence in the country slumped to its lowest level in more than 11-1/2 years in January amid mounting anxiety over a sluggish labor market and high prices.
* Trump also added that he will soon announce his pick to serve as head of the U.S. central bank, and predicted interest rates would decline once the new chair takes over.
* The Fed is expected to hold rates steady at its January monetary policy meeting currently underway. FEDWATCH
* Spot silver XAG= was down 0.4% at $112.52 an ounce, after hitting a record high of $117.69 on Monday. The white metal has already surged 58% so far this year.
* Spot platinum XPT= lost 0.1% to $2,638.24 per ounce after hitting a record $2,918.80 on Monday, while palladium XPD= fell 0.9% to $1,916.89.
(Reporting by Ishaan Arora in Bengaluru; Editing by Alan Barona)
((Ishaan.Arora@thomsonreuters.com))
