Gold was little changed on Wednesday, after the release of the minutes from the Federal Reserve's latest meeting as investors look for clues on the outlook for U.S. interest rates.
In the minutes released on Wednesday, Federal Reserve officials appear to be in sync on how they plan to unravel the mammoth stimulus implemented during the financial crisis.
Just prior to the release of the minutes, at 1:55 pm ET, spot gold was up 0.23 percent at $1,253.26 little changed from $1,250.76 late on Tuesday, when it slipped 0.7 percent after two days of gains.
The metal is highly sensitive to rising U.S. rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.
Interest rate futures on Tuesday implied traders saw about an 83 percent chance of a rate increase in June, up from 79 percent on Monday.