The yellow metal remained unchanged at around the same price despite the gloom in US dollar trading.
The Asian market session saw spot gold traded at $1,651 per ounce, while gold futures were slightly lower at $1,656 per ounce.
Although the US dollar continues to trade lower against most major currencies, high bond yields limit gold trading.
The benchmark US 10-year bond yield was firm at around a 14-year high of 4.02% as investors continued to maintain expectations for further interest rate hikes by the Federal Reserve (Fed).
Moreover, improved market sentiment also removes the incentive for investors to get hold of safe-havens.
The release of better-than-expected quarterly corporate earnings reports in the United States went some way to easing investor fears of a recession.
