Gold firms on inflation bets

Gold prices edged up on Wednesday to hover near their highest in more than two weeks on prospects of higher inflation, although trade was range-bound as investors exercised caution ahead of the U.S. Federal Reserve’s two-day policy meet outcome.

Spot gold was up 0.2% at $1,734.00 per ounce by 0310 GMT, having touched a high of $1,740.90 since March 1. U.S. gold futures were up 0.1% to $1,731.90.

KEFI Gold & Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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