BENGALURU: Gold eased slightly on Wednesday but stayed near a more than five-month peak scaled earlier in the day on increasing speculation that the US Federal Reserve could signal a slower pace of interest rate hikes next year.

After climbing for the last two sessions, gold was down 0.1 per cent at $1,247.81 per ounce at 1237GMT. The metal had risen to its highest since July 11 at $1,251.39 earlier.

Silver was up 0.1pc at $14.65, while platinum gained 0.6pc to $792.-Reuters