Gold was flat in Asia after closing at a three-month low.
Investors reassessed the outlook for the U.S. economy after U.S. Consumer Confidence hit a 17-month high and new home purchases surged.
On the other hand, the prospect of further tightening expected in the US and elsewhere is expected to put more pressure on the precious metal, which has dropped nearly 7 percent from its peak in early May.
Gold traded flat in Asia today after closing at a three-month low.
Spot gold, on the other hand, was up 0.1 percent at $1,915.57 an ounce as of 8:36 a.m. Singapore time, after falling 0.5 percent on Tuesday.
The Dollar Spot Index remained calm after falling 0.2 percent in the previous session. Silver and palladium rose, while platinum fell.