Gold prices were little changed in the Asian session with limited movement as investors were cautious ahead of the FOMC policy meeting.
At the time of writing, the precious metal was trading flat at $1,675 per ounce, while gold futures were slightly higher at $1,683 per ounce.
The weakening of the US dollar has given gold trading some breathing room, but the king of currencies is still strong at 20-year highs against major currencies.
The 10-year US treasury yield also remained high despite a slight contraction, seeing it hover around the 3.48% level.
Higher-than-expected inflation figures and strong US economic data last week have bolstered expectations that the Federal Reserve (Fed) will continue tightening.
The Fed is widely expected to raise interest rates by 75 basis points although investors are also placing expectations for the probability of a 100 basis point increase.
This will limit the further movement of gold which has already been strongly affected by the tightening implemented by the Fed.
