Gold rises

Bengaluru :Gold prices edged up on Wednesday towards four-month highs hit early in the week, as the U.S. dollar slumped to three-year lows against a basket of currencies.

Spot gold was up 0.3 percent at $1,341.96 an ounce by 0123 GMT. It touched its strongest since Sept. 8 at $1,344.44 on Monday.

Spot gold edged down for the first time in five sessions on Tuesday, easing 0.1 percent.

U.S. gold futures were up 0.4 percent at $1,342 an ounce. 109 square kilometres The dollar index was down 0.1 percent at 90.300 , after dropping to its lowest since December, 2014 at 90.113. Three sources close to European Central Bank policy-making told Reuters that the ECB is unlikely to ditch a pledge to keep buying bonds at next week´s meeting as rate setters need more time to assess the outlook for the economy and the euro.