Gold price traded little changed as market participants were cautious ahead of the release of the Fed's monetary policy meeting minutes. The minutes could add to speculation that the Fed will start raising its interest rate next month.
Market participants eyed the U.S. housing market data. The U.S. Commerce Department released the housing market data on Wednesday. Housing starts in the U.S. dropped 11.0% to 1.060 million annualized rate in October from a 1,191 million pace in September, missing expectations for a decrease to 1.160 million.
The decrease was driven by declines in starts of single-family and multifamily homes.
Building permits in the U.S. climbed 4.1% to 1.150 million annualized rate in October from a 1.105 million pace in September, in line with expectations.
December futures for gold on the COMEX today decreased to 1067.90 dollars per ounce.