Gold prices extended gains to a one-month high on Wednesday, after minutes from last month's U.S. Federal Reserve meeting hinted to a decreased likelihood for interest rates to be raised in September, pushing the dollar lower.
Minutes from the July meeting showed policymakers continued to fret that lagging inflation and a weak global economy posed too big a risk to commit to a "liftoff," though an improving job market edged the Fed closer to an interest rate hike.
"Clearly the gold bulls think September is off the table, and growth and currency risks are the next hurdle," said Phillip Streible, senior market strategist for brokerage RJO Futures in Chicago.
Spot gold was up 1.2 percent at $1,131.33 an ounce, having touched a one-month high at $1,131.90. Traders noted strong resistance at $1,135.
U.S. gold futures for December delivery settled up 1 percent at $1,127.90 an ounce.