Supported by a slight fall in the dollar, gold prices rose slightly on Wednesday. Investors are waiting for the US Federal Reserve's monetary policy decision and comments that could provide more clues about the timing of the US central bank's next actions.

Spot gold gained 0.1% to $3,328.15 per ounce at 10:56 GMT. U.S. gold futures were also up 0.1% to $3,325.10

The dollar index fell by 0.1% after reaching a high of more than a month on Tuesday, making gold cheaper for holders of other currencies.

Gold generally tends to do well in a low interest rate environment. According to Rhona O'Connell of StoneX, “a number of factors are keeping gold prices low. From a geopolitical point of view, progress seems to be being made in tariff negotiations, but no one is really ready to commit one way or the other

Elsewhere, cash fell 0.6% to $37.97 per ounce, platinum lost 0.5% to $1,388.59, and palladium rose 0.3% to $1,262.19, and palladium rose 0.3% to $1,262.19.