The precious metal gold traded steady, maintaining the moderate gains recorded in the previous session.
The Asian session saw gold trading little changed at around $1,751 per ounce, while gold futures were down at $1,749 per ounce.
The yellow commodity had previously fallen sharply at the beginning of the week following the revival of the US dollar driven by the worrying Covid-19 situation in China.
So far, the market is still following current developments in China even though tensions have eased slightly after the latest Covid-19 case numbers released on Tuesday eased.
In the meantime, investors also focused on Federal Reserve (Fed) Chairman Jerome Powell's speech early Thursday morning as a new indication of future interest rate setting.
However, investors will first be treated to private sector ADP employment data and preliminary estimates for US gross domestic product (GDP) for the third quarter in the New York session.
