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 Gold held steady on Wednesday, off near one-month highs touched in the previous session, with markets waiting for the outcome later in the day of a Federal Reserve meeting for clues on the timing of a possible U.S. interest rate hike.

         FUNDAMENTALS

* Spot gold was little changed at $1,288.00 an ounce at 0102 GMT.

* The metal touched its highest since Oct. 4 at $1291.86 per ounce in the previous session.

* U.S. gold futures were up 0.1 % at $1,289.30 per ounce.

* U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views that the embattled manufacturing sector would regain some momentum in the fourth quarter.

* SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.28 percent to 945.26 tonnes on Tuesday from 942.59 tonnes on Monday.