Gold remain mixed and volatile as the European session almost ended affected by the mixed sentiment and the volatility seen across the board, where the metal is still fluctuating ahead of the Minutes of the FOMC last meeting and also ahead of the Spanish budget announcement.

Gold started the session today at $1677.68 per ounce and added after then 0.14% or $2.40 per ounce to currently hover around $1680.08 per ounce. The metal recorded so far a high of $1680.60 and a low of $1676.45 an ounce. 

Markets are still waiting the announcement of the budget in Spain, especially after a governmental document related to the Spanish budget showed that Spain's public debt is expected to reach 79.8% this year, compared with 68.5% in 2011.

Spain debt-to-GDP ratio stands above the target of the European Union, where according to the legislation the public debt shouldn’t reach more than 60%, yet Spain is still managing better ratio than other indebted nations, but still the nation might follow other countries as growth is weakening, while unemployment is surging.

Spain will now issue less long-maturity bonds and replace them with shorter bonds in order to increase the circulation of the bonds, according to the document.

Markets are still waiting the FOMC Minutes for more details what next the world's largest economy might face and whether the monetary policy will include further easing in the coming period, where the Fed's Chairman clarified earlier that further easing might be needed to support the pace of recovery to continue.

Among other precious metals, silver added so far 0.32% or $0.11 per ounce to $33.08 per ounce after the opening of $32.97 per ounce. The metal reached so far a high of $33.13 and a low of $32.95 per ounce.

Platinum gained as well, adding 0.97% or $16.00 per ounce to $1666.75 per ounce, after the opening of $1650.75 per ounce. The metal set the highest at $1669.00 and the lowest at $1647.75 per ounce.

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