Gold prices continued to hover around the same price as the movement was limited by the FOMC minutes report which gave an indication of a more aggressive tightening at the next policy meeting.
According to meeting minutes published early Thursday morning, Fed drafters see a high rate hike as appropriate to implement at the next meeting, especially if inflationary pressures increase.
The Fed's policymakers also agreed to cut its balance sheet by $ 95 million a month, which includes $ 60 billion in its Treasury holdings and $ 35 billion in mortgage-backed securities over three months.
The hawkish signals displayed in the minutes of the meeting continued to push the strengthening US dollar to rise to a two -year high against major rivals.
This in turn restrained the movement of gold from making a profit amid the Ukrainian-Russian geopolitical uncertainty which is feared to have an impact on the European economy due to sanctions on Moscow by Western countries.
The United States has announced new sanctions on Russia and the European Union (EU) is reported to follow although a ban on natural gas imports from Moscow may not materialize.
In the Asian session, spot gold traded at around $ 1,922 per ounce, while gold futures were slightly down at $ 1,921 per ounce.
