Gold prices eased slightly on Wednesday after hitting a three-week high the previous day, as a rebound in the dollar weighed on bullion ahead of the release of minutes from the Federal Reserve’s June policy meeting.
Spot gold fell 0.1% to $1,795.39 per ounce at $0103, after hitting $1,814.78, its highest since June 17 on Tuesday.
U.S. gold futures rose 0.1 percent to $1,795.80 per ounce.
Last week, the dollar index hovered near three-month highs, making gold more expensive to hold in other currencies.
All eyes are on minutes from the Fed’s latest meeting, due at 1800 GMT, that is expected to shed more light on interest rate trajectory after a hawkish tilt from the U.S. central bank last month.
The potential cost of keeping non-yielding bullion increases with rising U.S. interest rates, as gold is highly sensitive to these changes.
Silver fell 0.2% to $26.08 per ounce, palladium fell 0.5% to $2,780.68 and platinum fell 0.6% to $1,085.62.