Gold was little changed early Wednesday as the U.S. dollar retreated, with markets waiting for minutes from the September Federal Reserve policy meeting for more clues on any interest rate hikes this year.

FUNDAMENTALS

* Spot gold was steady at $1,253.20 an ounce by 0052 GMT.

* U.S. gold futures fell 0.1 % to $1,255 an ounce.

* The dollar index .DXY, which measures the greenback against a basket of six major currencies, was down 0.1 percent at 97.633. The index surged to a seven-month high on Tuesday.

* Investors awaited the minutes of the Federal Reserve Open Market Committee's September meeting, scheduled to be released later on Wednesday.

* The U.S. Federal Reserve should engineer monetary policy to spur inflation to rise above its two-percent target because the costs of doing so are less than in past decades, Chicago Federal Reserve Bank President Charles Evans said on Tuesday.

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