Gold rose to its highest in more than a week on Wednesday, consolidating the rebound from five-month lows of $1,764 and poised to test the critical resistance level of $1,850. The metal’s appeal as an inflation hedge remains the key driver as investors weighed a worsening inflation outlook if Congress approves a second major fiscal package. Lending further support was a weaker dollar, as concerns about rising levels of debt in the US made the greenback an increasingly unattractive investment.