Gold futures reacted positively to the latest Federal Open Market Committee minutes and, according to veteran trader and precious metals expert Peter Hug, a near-term rate hike may not necessarily be a done deal. I know most analysts believe a June rate hike is definitely on the table, Im just not as convinced of that, he told Kitco News. I think theres been weak data recently that might give the Fed pause. The latest Fed data released Wednesday suggest the central bank is on track to raise interest rates next month. Gold notched slightly higher on the news, last trading at $1,256.80 an ounce, up $1.30 on the day.