Gold has suffered enough in the last week to see it plunge to a fresh two-and-a-half year low on the Federal Reserve's (Fed) target for a rate hike.
In today's trading session, the precious metal is now trading low at $1,669 an ounce, while gold front trades were also little changed at $1,677 an ounce.
The yellow metal continued to slide lower following stronger US dollar trade and a 10-year higher US Treasury yield at a 3-month strong, putting it firmly at 3.45%.
Gold expects to continue to exhibit erratic moves ahead of the FOMC police decision on Thursday which it expects to see yet another 75-point rise.
The sharp US sales data and strong jobless demands last week, together with the surprising inflation report, reinforced concerns that the Fed may act more aggressively to stem price pressures.
In addition, the market will also be looking at the police decision of several other major central banks such as the Bank of Japan (BOJ), England (BOE) and Swiss National Bank (SNB) on Thursday.
