Gold prices hit fresh two-month highs in the Asian session after getting support from a weaker US dollar.
At the time of writing, the precious metal was trading higher at around $1,985 per ounce, while gold futures were up at $1,987 per ounce.
Gold has made gains on Tuesday following lackluster US retail sales data causing expectations for the Federal Reserve (Fed) to continue raising rates dwindling.
However, as the greenback strengthened slightly on Wednesday, the yellow metal's movement was limited, prompting it to trade flat around the $1,980 level.
Gold rebounded in the Asian session as the USD eased again after the Central Bank of China's (PBOC) move to lower the yuan's reference rate and ease cross-border financing sent the yuan and other major currencies soaring.
Investors are now awaiting additional clues from US jobless claims data and the Philly Fed manufacturing index tonight ahead of next week's Fed policy decision.
