Gold held steady on Wednesday in the wake of the release of the minutes from the US Federal Reserve's October meeting, while report of a delay in US-China "phase one" trade deal offered support to the safe-haven metal.
The minutes showed the central bank remains on hold with regard to the direction of interest rates, as an increasingly divided Fed offered little guidance on what would cause policymakers to change their minds on the outlook. Spot gold was mostly unchanged at $1,471.90 per ounce as of 03:20 p.m. ET (2020 GMT).
US gold futures settled unchanged at $1,474.20.
"We had news on US-China trade deal, which pushed gold positive before the minutes. This might be the new information that the Fed has not taking into account probably voided out what they said in the minutes," said Bob Haberkorn, senior market strategist at RJO Futures. Elsewhere, silver was up 0.1% to $17.15 an ounce, while platinum gained 0.8% to $917.10. Palladium was up 0.2% to $1,767.24.
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