Gold edged up in light volume on Wednesday, trading in a narrow range as investors focused on an upcoming European Central Bank meeting and trends in equities prices against the backdrop of a better economic outlook. Spot gold was up 0.3 percent at $1,677.16 an ounce at 3:01 PM EST (2001 GMT).
US gold futures for April delivery settled up $5.30 an ounce at $1,678.80, with trading volume about 45 percent below its 250-day average, preliminary Reuters data showed. Silver was unchanged at $31.78 an ounce. Platinum hit a near 17-month peak at $1,740 an ounce and was last up 1.5 percent to $1,731.45 an ounce, while palladium was down 0.5 percent at $759.50 an ounce, having earlier reached its highest in 17 months at $769.50.
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