As investors braced themselves for the release of the Federal Reserve's June meeting minutes, gold prices stabilized on Wednesday following modest overnight gains, while copper prices edged lower due to concerns over a potential resurgence of the trade war between US and China.

After falling below, the $1,900 per ounce support level last week, the price of the yellow metal has made a minor comeback during the last three days. The main factor pushing up gold prices was concern over an increase in U.S. interest rates.

Spot gold muted at $1,926.38 per ounce, while gold futures held steady at $1,933.85 per ounce.

Now, all eyes were on the minutes of the Fed's meeting in June for any additional hints regarding the direction of American interest rates. While the central bank maintained interest rates steady last month, it had also signaled at least two additional increases this year given the strong level of inflation.

The odds that the central bank will increase interest rates by 25 basis points later in July are currently 88%. Despite recent data showing a fall in overall U.S. inflation, core inflation remained sticky and was still much higher than the Fed's goal range.