The gold price was stable on Wednesday. Investors are waiting for the minutes of the latest Federal Reserve meeting to get new clues as to when the US central bank will start cutting interest rates.

Spot gold was almost unchanged at $2,329.66 per ounce, as of 0152 GMT. US gold futures gained 0.2% to $2,338.70. Edward Meir, an analyst at Marex, said that the gold market is stable and has remained in a tight range for the past few weeks. For the latter, gold prices could increase later this year with all these elections pending

Among other metals, spot silver increased by 0.3% to $29.60 per ounce, platinum increased by 0.6% to $996.70, and palladium fell by 0.5% to $1016.34 per ounce.