- Gold prices were little changed in early trading on Wednesday, as traders awaited clues on U.S. interest rate policy from the minutes of the Federal Reserve's latest meeting..
- Spot gold was steady at $2,622.24 an ounce, after falling more than $1% in the previous session, while U.S. gold futures rose 0.2% to $2,641.
- Minutes from the US Federal Reserve's September policy meeting are due later today, while traders are also looking ahead to Thursday's US CPI report and Friday's producer price index data.
- According to the CME Group's FedWatch tool, traders are betting 87% on a 25 basis point rate cut in November.
- Gold, which does not yield a return, is a preferred investment in light of low interest rates.
- As for other precious metals, silver fell in spot transactions by 0.2% to $30.63 per ounce, while platinum rose by 0.6% to $955.90, and palladium fell by 0.3% to $1,018.78, according to data from Reuters.
