The yellow gold metal traded little changed in the Asian session as investors awaited the FOMC policy meeting this week.
Although the US dollar strengthened, gold remained traded around two-month highs due to growing tensions between Ukraine and Russia that spurred demand for safe-haven assets.
Tensions between Ukraine and Russia are escalating, especially after it also received intervention from the United States.
The Joe Biden administration is ready to put as many as 8,500 of its troops on alert in case Russia takes action to invade Ukraine.
The US had also ordered family members of diplomats from its embassy in Ukraine to leave the country, and a day later the UK took similar action.
Meanwhile, the surge in inflation in Australia and the disappointment of economic data from Europe also supported gold trade to remain high.
In the Asian session, spot gold traded higher at around $ 1,842 per ounce, after bouncing from the $ 1,830 price zone in the previous session.
Investors are now preparing to listen to the FOMC’s policy decision which is expected to announce the tightening set to begin in March with an interest rate hike.
