Gold edged up on Wednesday but was poised to snap a four-month winning streak, with investors staying on the sidelines ahead of key US employment data and in the wake of Hurricane Sandy. Spot gold was moving in a range of about $3, after trading little changed in thin volume in the previous session when Sandy wreaked havoc on much of the eastern United States.
Spot gold had inched up 0.1 percent to $1,711.01 an ounce by 0722 GMT, on course for a monthly drop of more than 3 percent, its biggest one-month decline since May. US gold was trading nearly flat at $1,711.60.