Gold traded steady on Wednesday with many investors moving to the sidelines ahead of a key European Union summit this week where policymakers are expected to find a way to end the region's two-year-old debt crisis. Spot gold was little changed at $1,728.99 an ounce by 0654 GMT, flirting around the 100-day moving average at just below $1,728.
US gold edged up 0.1 percent to $1,733.80. Spot platinum gained 0.6 percent to $1,529.49 per ounce, bouncing from a 1-1/2-month low of $1,494.35 hit in the previous session. The gold-platinum spread widened to $204 an ounce on Tuesday, its widest since Reuters started recording prices in 1985, and remained around $200. Spot palladium rose to a one-month high of $673.50, before easing to $672.47.