Mubasher: Gold prices saw an increase in Wednesday's early trade, but gains were however limited due to a foggy outlook for the US economic policy under Trump rule as well as speculations over higher US key interest rates.
By 4:00am GMT, spot gold rose 0.5% to $1,228.06 an ounce and US gold futures were higher 0.5% to $1,230.95 an ounce.
The US dollar index fell 0.19% to 100.02 points against a basket of currencies.
Silver prices were also higher 0.73% to $17.168 per ounce.
"Trump policy uncertainty gives the yellow metal a strong push-up," said commodity analyst Mohamed Ragheb, expecting gold prices to stay high until the US-elect president's economic thoughts become clearer on the ground.
Earlier, the US trade ministry announced a 0.8% increase in retail sales in October, which may urge the Fed to hike interest rates next month.
