Gold futures inched lower on Wednesday, as traders are taking profit after bullion reached five-month high during previous sessions. Gold for delivery in December lost 0.1 per cent, to $1,694.10 per ounce. Other precious metals were mixed, with December silver and October platinum both erasing 0.2 per cent. At the same time, December copper and palladium for the same month added 1.4 per cent and 0.34 per cent, respectively.