Gold prices nudged up on Wednesday after hitting their highest in over three months in the previous session, with international political and economic uncertainty underpinning safe-haven demand for the metal.
Fundamentals
* Spot gold was up 0.1 percent at $1,231.27 an ounce at 0102 GMT. On Tuesday, it touched its highest since July 17 at $1,239.68.
* U.S. gold futures were down 0.2 percent at $1,234.20 an ounce.
* Palladium jumped to a record-high on Tuesday, bringing the metal to within striking distance of achieving parity with gold after it outshone other precious metals including its closest rival, platinum, this year.
* Asian stocks edged up on Wednesday as a late round of buying helped Wall Street indexes pare most of their earlier panic-driven losses.
* British Prime Minister Theresa May will address her Conservative Party lawmakers at a private meeting in parliament on Wednesday, her spokesman said, as she seeks to calm growing tensions over her Brexit strategy.
* Newcrest Mining Ltd, Australia's largest independent gold miner, said on Wednesday that gold production rose 5 percent in the first quarter from the year-ago period, led by a sharp increase at its flagship Cadia mine.
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