The price of gold rises in trading on Wednesday after the confirmation of the investment rating of Spain by Moody's and in anticipation of making the EU summit, which starts on Thursday.

The euro rose to a month high against the dollar after ratings agency Moody's confirmed the rating of Spain at "Baa3" to reassure investors, who feared a downgrade to "junk."

Gold generally follows the currency markets, but investors inactive pending decisions EU summit, which starts on Thursday.

Investors also await Chinese GDP data for the third quarter. Meanwhile, stocks of gold-ETFs ETF on Tuesday rose by 16,700 ounces.

South African gold producer Gold Fields announced the completion of an unauthorized strike at the mines in South Africa.

November futures price of gold on COMEX today rose $ 5.80 and is now $ 1750.90 an ounce.