Gold prices rose on Wednesday. Traders are looking for bargains after the declines in the previous session, while the market remains focused on the minutes of the latest Federal Reserve monetary policy meeting, scheduled for later today

Spot gold gained 0.4% to $3,312.05 per ounce at 08:56 EDT (12:55 GMT), after reaching a session low of $3,285.19 on Tuesday. American gold futures rose by 0.3% to $3,310.60. Jim Wyckoff, senior analyst at Kitco Metals said that “the gold market has been somewhat unstable lately, just reacting to daily fundamental news, with no real price movement. In the short term, the market peaked.”

Spot silver fell 0.3% to $33.20 per ounce, platinum strengthened 0.8% to $1,088.65, and palladium fell 0.6% to $972.36, and palladium fell 0.6% to $972.36.