for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

PRECIOUS-Gold steady as investors focus turns to U.S. Fed minutes

    * U.S. Fed minutes due at 1800 GMT
    * SPDR Gold Trust holdings at lowest since Jan
    * UK inflation leaps into double digits, highest since 1982

 (Adds details and updates prices)
    By Brijesh Patel
    Aug 17 (Reuters) - Gold prices were stuck in a narrow range
on Wednesday as investors awaited minutes from the Federal
Reserve's last policy meeting that could offer clues on further
interest rate hikes amid signs of easing inflation. 
    Spot gold        was steady at $1,776.75 per ounce, as of
0708 GMT, after hitting its lowest since Aug. 8 at $1,770.86 on
Tuesday.
    U.S. gold futures        gained 0.1% to $1,791.70.
    "Focus is on minutes from the July Federal Open Market
Committee meeting and the Jackson Hole Symposium on Aug. 25-27.
Both these events will set the stage for Fed meeting in
September," said Ilya Spivak, a currency strategist at DailyFX.
    "If we are going to get a more hawkish view from the Fed on
rate hikes, that's going to be somewhat negative for gold in
terms of its core appeal for investors."
    The minutes of the Fed's July 26-27 policy meeting are due
at 1800 GMT.
    The U.S. central bank has raised its benchmark overnight
interest rate by 225 basis points in total since March to tame
high inflation.            Rising  U.S. interest rates dull
non-yielding bullion's appeal.
    Data showed British consumer price inflation jumped to 10.1%
in July, its highest since February 1982, up from an annual rate
of 9.4% in June, intensifying the squeeze on households.
            
    Meanwhile, the dollar       , a rival safe-haven and which
has a strong correlation with gold, also held steady ahead of
U.S. retail sales data and Fed minutes.       
    Despite signs of easing inflation in the world's largest
economy, Fed officials have maintained a hawkish tone on future
rate hikes that has led to a pullback in gold prices from the
key $1,800 level.
    Holdings of SPDR Gold Trust      , the world's largest
gold-backed exchange-traded fund, fell 0.18% to 992.20 tonnes on
Tuesday, its lowest since January.          
    Elsewhere, spot silver        rose 0.2% to $20.15 per ounce,
platinum        eased 0.2% to $933.02, and palladium       
climbed 0.2% to $2,157.93.
    

 (Reporting by Brijesh Patel in Bengaluru; Editing by Rashmi
Aich, Subhranshu Sahu and Tomasz Janowski)
  
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up