Gold prices remain stable despite Fed division and debt talks.

The gold market remained largely unchanged after the release of the Federal Reserve's May meeting minutes, which showed central bank officials split on whether more rate hikes were needed. Fed officials said they would be data-dependent going forward. "Participants generally expressed uncertainty about how much more policy tightening may be appropriate," the minutes from May 2-3 meeting stated. "Many participants focused on the need to retain optionality after this meeting."