Gold prices dipped on Wednesday after just-released minutes from the Federal Reserve’s July meeting showed the central bank wanted to review more data befire making future rate decisions, stopping short of suggesting a planned series of rate cuts.  That disappointed gold longs hoping the Fed would have sounded more dovish. Gold prices fell in response to the news, but remained above the key $1,500 level. Spot gold, reflective of trades in bullion, was down $1.45, or 0.1%, to $1,514.25 per ounce. Gold futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, fell $3.20, or 0.2%, to $1,504.21 in post-settlement trade. It ended the session unchanged at $1,515.70. According to the Fed’s July meeting minutes, it was important to assess incoming economic data to determine the future path of monetary policy. The Fed cut its benchmark rate by 25 basis points to a range of 2.0% to 2.25% from 2.25% to 2.5% on July 31. Powell, under repeated pressure from U.S. President Donald Trump to do more to support the economy, is expected to provide an update on the outlook for monetary policy when he delivers a speech there on Friday.