Gold extended its losses for six consecutive days after the Federal Reserve (Fed) revealed the Minutes of its September Meeting.
The minutes revealed that a large majority of Federal Open Market Committee (FOMC) members supported a 50 basis point cut.
However, some FOMC officials are more interested in a 25 basis point cut.
At 9.20am, the price of gold was at $2,610.55, up a slight 0.11% since it opened in early trading on Thursday.
The results of the meeting show that all members are interested in the Fed immediately implementing interest rate cuts. It is the result of the view of the mode of inflation risk which tends to decrease even though the risk of the labor market is at a potential increase.
Now, traders' focus turns to the release of the US Consumer Price Index (CPI) on Thursday night.
Estimates aim that inflation will continue to decline. However, if it comes in higher than estimated it will slow down the Fed's next policy easing cycle.
Meanwhile, the US economic schedule for this week will feature US inflation, US employment data and remarks from Fed officials.
