Gold prices held just below their highest level in around a year on Wednesday, drawing support from lingering tensions on the Korean peninsula as well as dovish comments from a Federal Reserve official about subdued U.S. inflation.

Comex gold futures were at $1,343.39 a troy ounce by 2:45AM ET (0645GMT), down $1.30, or 0.1%.

The yellow metal rallied on Tuesday to notch its third-straight winning session, after touching its best level since Sept. 8, 2016 at $1,349.70.