Gold prices hold at 10-month highs, markets await Fed minutes

Gold prices held at 10-month highs on Wednesday, supported by global slowdown concerns and a weaker dollar, with markets eyeing the release of the US Federal Reserve's policy meeting minutes later in the session, according to Reuters.

Spot gold was marginally lower at US$1,339.61 per ounce as of 0021 GMT, having touched $1,341.78 per ounce in the previous session, its highest level since April 20.

US gold futures dipped 0.2 per cent to $1,342.6 an ounce.

Palladium rose 0.3 per cent to $1,484.00 per ounce, within striking distance of $1,500 after it hit a record $1,485.50 on Tuesday on concerns about a sharp supply deficit.