Gold surges

Bengaluru

Gold prices firmed early on Wednesday as the dollar weakened slightly, with investors waiting for the release of minutes from the U.S. Federal Reserve´s last meeting in July for clues on the pace of potential interest rate hikes.

Spot gold was up 0.1 percent at $1,272.47 per ounce by 0048 GMT, after falling for two straight days. U.S. gold futures for December delivery fell 0.13 percent to $1,278.00 per ounce.

The dollar edged lower in early Asian trading on Wednesday, but held most of its gains made after U.S. retail sales data suggested the economy continued to gain momentum in the third quarter.

North Korean leader Kim Jong Un has delayed a decision on firing missiles towards Guam while he waits to see what the United States does, the North´s state media reported on Tuesday as the United States said any dialogue was up to Kim.