Gold prices steady near 3-week high

Gold was perched atop a three-week high on Wednesday as traders positioned for more U.S. economic readings that could further alter the odds of another interest rate hike by the Federal Reserve, reports Reuters.

Spot gold rose 0.1 per cent to $1,939.23 per ounce by 1152 GMT, its highest level since August 7. US gold futures also rose 0.1 per cent to $1,967.40.

Spot silver fell 0.5 per cent to $24.61 per ounce, but was hovering close to a one-month high.

Platinum rose 0.7 per cent to $983.04, its highest level since July 19. Palladium shed 1.1 per cent to $1,234.85.