Gold trading continued to be limited amid investor caution ahead of the release of the FOMC meeting minutes report early Thursday morning.
In the Asian session, gold traded hovering around the price of $1,836 per ounce, while gold futures traded at $1,845 per ounce.
A stronger-than-expected reading of PMI data from the United States appears to have failed to influence gold's move from further declines.
Just like the US dollar was not impressed by the data, showing that the king of currencies remained traded hovering around the same price.
The release of the minutes of the upcoming FOMC meeting may provide a new boost to gold and the US dollar following investor expectations that the Federal Reserve (Fed) will continue to raise interest rates to fight inflation.
Turning to crude oil levels, Brent traded down 1.3% to $82 a barrel, while US WTI fell 1.5% to $76 a barrel in the previous session.
Uncertainty in the crude oil market has continued to drive volatile movements in both benchmarks over the past few months.
This is coupled with concerns about more interest rate hikes by the Federal Reserve which could affect demand for the commodity.
