Gold closes flat after US Fed minutes

Gold steadied today to close the same as yesterday's session, as dollar stabilized while markets absorb the US Federal Reserve meeting minutes.

During the Fed last meeting some members saw the need to cut rates by 50 basis points, while others preferred not to cut at all.

While the members agreed with Chairman, Jerome Powell, that last month's rate cut is not the beginning of a series of monetary easing measures.

By 19:07 GMT, dollar index stabilized against a basket of major currencies at 98.2 points, with an intraday high of 98.2 and a low of 98.01.

Gold futures (December delivery) closed at $1515.7 an ounce, with a high of $1518.4 and a low of $1506.5.