Spot gold rose 0.2% to $2,044.53 per ounce by 0453 GMT after hitting its highest since May 5. U.S. gold futures for December delivery rose 0.3% to $2,045.40 per ounce. "The key point data to look for is the PCE (personal consumption expenditures) data and markets are expecting another slowdown in inflationary pressure in U.S.," said Wong. Investors' attention is now on the revised U.S. third-quarter GDP figures, due at 1330 GMT and on key PCE data — Fed's preferred inflation gauge — on Thursday. According to Reuters' technical analyst Wang Tao, spot gold may extend gains into a range of $2,059 to $2,069 per ounce.

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Persons: Kelvin Wong, Wong, Christopher Waller —, CME's, Wang Tao Organizations: U.S ., Federal Reserve, Asia Pacific, Traders, Reuters Locations: OANDA, —