Gold edges up in Asia

Gold prices edged higher on Wednesday after dropping nearly 1 percent in the previous session, as a slightly weaker dollar came to the aid of buyers, while sluggish physical demand and an improving US economic outlook capped gains. Spot gold edged up 0.1 percent to $1,652.06 an ounce by 0748 GMT. US gold gained 0.3 percent to $1,652.40.
Fung added. The dollar index is up about 0.9 percent so far this month. Technical analysis suggested that spot gold would remain neutral in the range of $1,634 and $1,671, Reuters market analyst Wang Tao said. Spot silver rebounded from a 2.3-percent slide in the previous session and was trading up 0.2 percent to $32.18.