Gold inched up on Wednesday, with sentiment still supported by worries of more ratings downgrades for debt-ridden European countries. Volume was thin ahead of the year-end holidays and some investors were careful about taking too much position ahead of the latest estimates for US gross domestic product (GDP) for the third quarter due at 1330 GMT.
Gold rose $3.69 an ounce to $1,388.99 by 0602 GMT, having traded in a narrow $5 range. US gold futures for February added $1.4 an ounce to $1,390.2 an ounce.