(Reuters) - Gold inched higher on Wednesday as market participants awaited a statement from the U.S. Federal Reserve for hints on the central bank's monetary policy stance following its two-day meeting.
Markets are also keeping a close track on the naming of the next Fed chair, the Bank of England's policy meeting on Thursday and U.S. payrolls data on Friday.
Spot gold was at $1,276.20 per ounce at 13.30 GMT, up $4.00 on the day.
Gold dipped in the early Asian hours but interest out of China provided some support later, analysts said.
"Shanghai saw a heightened premium around $9 as a result of lower spot price and physical demand out of the region acted to restrict further declines leading into European hours," MKS PAMP trader Sam Laughlin said in a note.
The terrorist attack in New York City on Tuesday, wherein a man driving a rented pickup truck mowed down pedestrians and cyclists killing eight people, prompted some risk-aversion demand, said Jeffrey Halley, a senior market analyst with OANDA.