Gold prices edged higher on Wednesday, recovering from a one-week low touched in the previous session, on expectations of an interest rate cut by the US Federal Reserve and escalating tensions in the Middle East.
Spot gold was up 0.2 per cent at $1,420.40 per ounce as of 0128 GMT, after hitting its lowest since July 17 at $1,413.80 in the previous session.
US gold futures were steady at $1,420.80 an ounce.
Futures remain 100 per cent priced for a rate cut of 25 basis points (bps) ..
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