Gold steadied on Wednesday, after moving in both directions following the release of minutes from the U.S. Federal Reserve's July meeting, which showed the central bank's policymakers expected an interest rate hike soon but were still awaiting more data.
The minutes showed that members of the Fed's rate-setting Federal Open Market Committee were generally upbeat about the U.S. economy and labor market, but several said any slowdown in future hiring would argue against a near-term hike.
Spot gold was up 0.03 percent at $1,346.11 an ounce. It had fallen 0.6 percent to $1,337.22 immediately after the minutes were released and then risen 0.4 percent.
U.S. gold settled down 0.6 percent at $1,348.80 per ounce prior to the news.