Gold moved unsteadily during yesterday's trade at a time when the sentiment of the US presidential election is uncertain in terms of the candidate who will govern the White House.
In addition, the US Federal Reserve (Fed) is expected to lower its interest rates at this week's FOMC meeting.
At 9.20am, the price of gold was at $2,735.09, down 0.06% since it opened in early trading in the Asian session on Tuesday.
US stock market surveys also shifted their focus to the presidential election results for Democratic candidate Kamala Harris and Republican Donald Trump.
Reuters reports concerns that the US may face a similar electoral crisis after Trump's 2020 election defeat.
On Thursday, the US Fed is expected to cut interest rates by 25 basis points to a range of 4.50% to 4.75% even as encouraging October US economic data revealed the labor market remains resilient.
Meanwhile, gold has rallied more than 30% in 2024 and hit an all-time high of around $2,790 at the end of October.
