Gold Dips Slightly to $1,217.25 per Ounce

Gold held to recent gains on Wednesday, according to iNVEZZ.com. The source reported the precious metal was trading near a three-week high.

Spot gold fell less than 0.1 percent, or $0.90, to hit $1,217.25 per ounce. This is surprising, as experts agree that wait for the forthcoming minutes of the latest U.S. Federal Reserve meeting has led to a wane in demand.

Meanwhile, gold for February delivery fell considerably more, decreasing $3.6 to $1,215.4 per ounce.