Precious-Gold rose on Wednesday ahead of the release of Fed minutes that will provide clues about the timing of hiking interest rates.
The yellow metal hit a high of $1124.03 an ounce, while it currently trading at $1122.40, after opening at $1117.55.
The focus later in the day would by on the Fed minutes for July 28-29 policy meeting, where the recent progress in U.S. economic data has raised speculations the Fed would raise interest rates next month.
Data released yesterday showed that U.S. housing starts rose to the highest level in almost eight years in July.
The U.S. will also release today its inflation gauge, the consumer price index, amid concerns about low inflation levels in major economies.
The dollar dropped for the first time four sessions against a basket of major currencies to 96.80 from the session’s opening at 97.00, according to the dollar index.
Crude oil resumed its rise for a second day from multi-month lows to trade around $43.11 a barrel, after hitting a bottom of $41.93 on Tuesday.
