Gold prices edged lower early on Wednesday after hitting a more than nine-month peak in the previous session, as the dollar recovered from multi-year lows on easing tensions surrounding North Korea.

Fundamentals

* Spot gold inched down 0.1 percent to $1,308.11 per ounce as of 0020 GMT. In the previous session, it hit the highest since Nov. 9 at 1,325.94.

* U.S. gold futures for December delivery fell 0.4 percent to $1,313.70 per ounce.

* The dollar rebounded from a 2-1/2-year low on Wednesday as concerns about North Korea's firing of a missile over Japan ebbed, but Asian stocks were muted despite Wall Street's higher close.

* The data on Tuesday also supported views that economic growth would accelerate in the second half of the year after a sluggish performance earlier.

* Holdings of the SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.3 percent to 816.43 tonnes on Tuesday.

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