Gold moved flat on Tuesday's trading session, holding on to gains made following the decline of the US dollar last Friday.
In the Asian session, the yellow metal was trading hovering around $1,650 an ounce, while gold futures were little changed at $1,653 an ounce.
The situation changed significantly for gold trading which previously fell to the lowest level since April 2020, seeing it rise again following the decline in US dollar trading.
Adding to the grief for the currency king was the release of US economic data which showed disappointing readings in September.
Both the manufacturing and services sectors were in contraction in October, seeing manufacturing activity decline to the weakest level since June 2020.
Meanwhile, the service sector also recorded a contraction after service providers reported the second biggest drop in output in almost two and a half years.
This causes the US dollar to continue to weaken and provides support for gold to rise from its lowest level.
Even so, the expectation of an increase in interest rates by the Federal Reserve (Fed) continues to limit the movement of gold from rising higher.
