Wed, 18 May 2016 09:22:04 GMT
Gold dips as FOMC minutes loom
The bullion weakened ahead of the FOMC meeting minutes release, failing to gain a foothold above the $1,280 mark, as it hovered around the $1,273 level. Gold traded highest during the day at $1,281 and lowest at $1,273 on Wednesday. The data release will help investors speculate on whether a rate hike is likely to take place later in June.