Gold edged up on Wednesday, still poised to touch record peaks on soared demand of the safe haven following a catastrophic earthquake in Taiwan, while gold demand was bolstered by the current unclear trajectory of the interest rate.

Spot gold added 0.3% to to $2,286.40 per ounce, keeping an eye on Tuesday's record peak of $2,288.43 touched on Tuesday, while gold futures advanced by 1.1% to $2,306.25 per ounce and were lower a bit from all time peaks of $2,308.85 per ounce.

A widespread sell-off in financial markets due to a decline in risk appetite also increased demand for the yellow metal, although with the greenback and the treasury yields that spiked on the hawkish tone of Fed officials.

Risk appetite took another hit on Wednesday as an earthquake in Taiwan severely damaged the island's infrastructure and its main facilities, in addition to causing tsunami warnings in several areas of Japan.