Gold prices edged higher on Wednesday as uncertainty surrounding the finalisation of a U.S.-China trade agreement weighed on sentiment and fuelled some safe-haven buying, with investors awaiting key U.

Two days of talks resulted in a “framework” that is intended to solidify terms of a deal the superpowers reached in Geneva last month.

Stock markets around the world are generally holding in place as the wait continues to hear what will come of trade talks underway between the United States and China.

India's benchmark indexes are poised to open marginally higher on Wednesday, mirroring gains in other Asian markets on signs of progress in trade talks between the U.S. and its key trading partners such as India and China.

China, which has the world's largest navy by hull count, continues to expand its military reach and presence in the Pacific Ocean.