By Kate Gibson
NEW YORK (MarketWatch) -- Gold prices edged higher Wednesday, with the metal supported by the Federal Reserve's decision to hold interest rates at record lows and extend quantitative easing. Yet gold's rise was hindered by a more than 1% gain in the U.S. dollar, which increases the cost of the dollar-dominated asset for holders of foreign currency. Gold for December delivery rose $3.40 to $1,201.40 an ounce in electronic trade on the New York Mercantile Exchange.
