Gold held steady after the Federal Open Market Committee minutes were released on Wednesday. The meeting, which took place three weeks ago, is the first since President Donald Trump took office.
In the minutes, the Fed concluded that another rate hike could loom on the horizon.
Spot gold inched up 0.15 percent $1,237.73 per ounce, while U.S. gold futures settled at $1,233.30. Spot gold dropped as much as 1 percent to touch a one-week low of $1,225.73 in the previous session.