Gold prices climb to highest level in nearly two weeks

Gold prices rose on Wednesday to their highest level in nearly two weeks, supported by technical buying as investors look ahead to next week's US Federal Reserve meeting for signals on interest rate outlook.

Spot gold gained 0.9 percent to $4,113.73 per ounce at 01:23 GMT, after hitting its highest since July 10. US gold futures for August delivery jumped 1.1 percent to $4,119.10.

Among other precious metals, spot silver rose 1.8 percent to $59.82 per ounce, platinum climbed 1.6 percent to $1,655.61, and palladium increased 1.6 percent to $1,302.25.