Bengaluru — Gold held to a narrow range on Wednesday, with investors in a wait-and-see mode ahead of the outcome of a two-day US Federal Reserve meeting that began on Tuesday. Spot gold rose 0.1% to $1,312.54/oz by 3.08am GMT. US gold futures for December delivery were up 0.4% at $1,316/oz. "Trump’s comments overnight with regards to North Korea have certainly added a bid to the precious complex but all in all very quiet ahead of the [Fed statement]," a Sydney-based trader said, adding that the dollar was providing some support. US President Donald Trump escalated his standoff with North Korea over its nuclear challenge on Tuesday, threatening to "totally destroy" the country and mocking its leader, Kim Jong Un, as a "rocket man". Geopolitical risks tend to boost demand for safe-haven assets such as gold and the Japanese yen. The dollar edged slightly lower against a basket of currencies and against the yen on Wednesday. Asian stocks were steady as movements were limited ahead of th...
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