Gold inched up in Wednesday trading as investors waited for a decision on a new round of quantitative easing to emerge from the Federal Reserve meeting, which began today and ends Thursday.

Gold futures for December delivery rose to $1,735.2 on Wednesday, according to CME Group. Gold traded as high as $1,749.50 and as low as $1,734.50. Gold bullion closed in London at $1,734, according to BullionVault.

Silver futures edged up to $33.340 an ounce. Wednesday’s high for silver hit $34.145, while the low was $32.51.

Gold funds mostly showed slim gains on Wednesday, while silver slipped.

• The SPDR Gold Trust (NYSE:GLD) finished up marginally.
• The iShares Gold Trust (NYSE:IAU) also was up 0.4%.
• The iShares Silver Trust (NYSE:SLV) fell 0.6%.

Gold and silver mining ETFs were mixed.

• The Market Vectors Gold Miners ETF (NYSE:GDX) increased 0.4%.
• The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) dipped 0.8%.
• The Global X Silver Miners ETF (NYSE:SIL) dropped 1.1%.

Gold mining shares mostly posted gains for the day, with Goldcorp (NYSE:GG) rising most.

• Agnico-Eagle Mines (NYSE:AEM) inched up 0.3%
• Barrick Gold (NYSE:ABX) gained 0.6%.
• Eldorado Gold (NYSE:EGO) fell 0.55%.
• Goldcorp rose 1.9%.
• Kinross Gold (NYSE:KGC) gained 1.1%.
• Newmont Mining (NYSE:NEM) increased 1.1%.
• NovaGold Resources (AMEX:NG) ticked up 1.6%.
• Yamana Gold (NYSE:AUY) closed up 1.75%

Silver mining shares mostly rose.

• Coeur d’Alene Mines (NYSE:CDE) rose 1.05%.
• Hecla Mining (NYSE:HL) gained 1.40%.
• Pan American Silver (NASDAQ:PAAS) slipped 1.01%.
• Silver Wheaton (NYSE:SLW) edged up 0.50%.
• Silver Standard Resources (NASDAQ:SSRI) increased 0.27%.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.