Gold prices edge higher on Wednesday

Gold prices edged higher on Wednesday after rising more than 1 percent in the previous session.

Spot gold rose 0.1 percent to US$4,061.86 per ounce by 00:36 GMT, while US gold futures for December delivery steadied at US$4,075.60.

Spot silver rose 0.1 percent to US$54.38 per ounce, platinum lost 0.2 percent to US$1,537.58 and palladium gained 0.5 percent to US$1,031.42.