Gold prices hovered near their two-week high above $1,400 on Wednesday as lacklustre economic data from the United States burnished the metal's safe-haven appeal, while bullish forecast for next year helped keep the market sentiment buoyant. Spot gold was flat at $1,405.51 an ounce by 0638 GMT, after hitting a two-week high of $1,406.75 in the previous session.
US gold futures edged up nearly $1 to $1,406.6 an ounce.