Gold was little changed at USD 1,209.07 an ounce. It touched USD 1,203.43 earlier Wednesday, the lowest since May 13. The metal dropped 1.4 per cent on Tuesday, the most this month, after data showed US housing starts jumped to a seven- year high last month and building permits climbed.

Silver, however, rose 0.2 percent to USD 17.14 an ounce, after tumbling 3.5 percent on Tuesday, the most since February.
    
The Federal Reserve on Wednesday will release minutes of its latest meeting. Higher borrowing costs cut the allure of gold, which generally only provides a return through price gains.

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