• Gold inched up on Wednesday as the market waited for direction from the outcome of a two-day U.S. Federal Reserve meeting, with the central bank expected to hike interest rates and give indications on its monetary policy for the rest of the year.
Spot gold was up 0.3 percent at $1,269.45 per ounce by 0426 GMT. On Tuesday, it touched its weakest since June 2 at $1,259.16.
• In the wider markets, the U.S. dollar remained flat and Asian shares turned mixed on Wednesday as investors everywhere awaited clarity on the Fed's future path.
The Fed is scheduled to release its interest rate decision at 2 p.m EDT (1800 GMT) on Wednesday, with Chair Janet Yellen due to hold a press conference 30 minutes later.
• "Most people have already priced in a rate hike in June," said Mark To, head of research at Hong Kong's Wing Fung Financial Group.
• "What really matters is the anticipation on further action and whether there will be hints on the extent or the schedule of the shrinkage of the balance sheet as well as other monetary policy actions."
• "With geopolitical risk having receded over the last week, gold is now trading on fundamentals and will be ... subject to the nuances of U.S. dollar weakness or strength," said Jeffrey Halley, senior market analyst at OANDA.
• Among other precious metals, silver edged up 0.1 percent to $16.88 per ounce. On Tuesday, it hit its lowest since May 19 at $16.68.
Reference: Reuters
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