Gold slipped to a one-week high after the US greenback dollar returned to prominence following the first debate between the two main candidates for the 2020 presidential election, Donald Trump and Joe Biden.
The precious metal initially skyrocketed to $ 1,899 per ounce as investors pounded in anticipation of today's debate.
However, the yellow metal trade then showed a decline with around $ 1,887 per ounce, while gold futures traded at $ 1,891 per ounce (3.55pm Malaysian time).
Gold prices are also now on track for the worst monthly fall since November 2016, having plunged 4% this month.
On the other hand, the greenback dollar is currently heading for the biggest monthly increase since July 2019, trading positively against most major currencies during today's European session.
The Cleveland debate has become a mess following the two candidates' tongue-in-cheek, in which Trump's leadership was severely criticized by Biden over the Covid-19 issue, the economy and taxes.
Gold also failed to shine after economic data from China recorded an increase in manufacturing and services activities indicating a recovery is underway.
