· Gold prices inched up early on Wednesday after two days of losses, with investors awaiting minutes from the U.S. Federal Reserve's last meeting in July for clues on the pace of potential interest rate hikes.
Spot gold inched 0.1 percent higher to $1,272.81 per ounce by 0357 GMT, after falling for two straight days.
· "I think we're starting to just see further opportunistic buying," said ANZ analyst Daniel Hynes. "There's potentially a little bit of rebound into the end of the week though obviously most focus will be on the FOMC minutes this afternoon. Any indication about a potential rate hike could derail that safe-haven buying."
"We probably saw some of that selling that came in as tensions eased between North Korea and the United States become a bit overdone. Certainly, the underlying issues that started emerging last week are far from evaporated," ANZ's Hynes said.
· Spot gold may test a resistance at $1,278 per ounce, a break above which could lead to a gain to the next resistance at$1,286, Reuters technical analyst Wang Tao said.
· Among other precious metals, silver was up about 0.3 percent at $16.64 per ounce.
Reference: Reuters
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