Gold again wiped out the losses recorded from the previous fall, seeing it trade steady ahead of the Federal Reserve (Fed) policy meeting.
At the start of the Asian session, gold traded little changed at around $1,927 per ounce, while gold futures traded at $1,942 per ounce.
Earlier, the yellow metal was knocked down in two sessions on Tuesday to a low of $1,900 an ounce due to stronger gains in US dollar trading.
However, it erased those losses as the market headed into the New York session and bounced back following US job cost index data.
Although it is seen that it will not influence the Fed's decision, it is enough to signal a continued decline in price pressure in the US.
Investors' focus now shifts to the FOMC policy meeting early this morning (3.00am Malaysian time).
Before that, the market will be shown first by the release of ADP private sector employment and US manufacturing data at the beginning of the New York session.
