By Ira Iosebashvili 

Gold prices edged lower Wednesday, as investors awaited the release of minutes from the Federal Reserve's latest meeting.

Gold for April delivery was recently down 0.1% at $1,330.60 a troy ounce on the Comex division of the New York Mercantile Exchange.

The Fed on Wednesday will offer more details on their policy-making committee's outlook for 2018 when it releases the minutes of their Jan. 30-31 meeting later this afternoon.

Most investors believe the central bank will raise rates next month. However, signals that the Fed may deliver more than the expected three rate increases this year as a response to stronger economic growth could hurt gold, which struggles to compete with yield-bearing assets when borrowing costs rise.

In base metals, copper was recently up 0.6% at $3.2095 a pound.

Write to Ira Iosebashvili at ira.iosebashvili@wsj.com

(END) Dow Jones Newswires

February 21, 2018 13:06 ET (18:06 GMT)