Bengaluru — Gold prices edged up on Wednesday on the uncertainty over the outcome of the Dutch elections, while markets awaited clues on the pace of US interest rate increases in 2017. With an immediate rate increase by the Fed seen as a done deal, investors are focusing on what message the central bank will deliver when it concludes its meeting later on Wednesday. In December the Fed forecast three rate rises this year. Spot gold edged up 0.3% to $1,201.64/oz by 3.13am GMT. US gold futures were down 0.1% at $1,201/oz. "We do not think much will change throughout much of Wednesday ahead of the Fed rate decision and policy statement," INTL FCStone analyst Edward Meir said. "Our bias is still somewhat constructive on gold, given that we think the Fed will shrink from coming across as too aggressive." The statement from the Fed, due at 6pm GMT on Wednesday, will be followed by a briefing at 6.30pm GMT. Investors were also focusing on Wednesday’s Dutch elections, which have been boostin...
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