New york: Gold prices edged higher on Wednesday, holding above the critical $3,600-per-ounce level, buoyed by expectations of a US interest rate cut this month, while key inflation reports due this week were also on investors' radar. Spot gold was up 0.3% at $3,635.329 per ounce, after hitting a record high of $3,673.95 on Tuesday.
According to Qatar News Agency, US gold futures for December delivery eased 0.2% to $3,673.70. Meanwhile, in other precious metals markets, spot silver rose 0.3% to $41 per ounce, platinum gained 0.9% to $1,380.74, and palladium remained flat at $1,148.57.