It's unfortunate for the yellow metal that it failed to shine when risk-off sentiment engulfed the market due to the stronger US dollar.
In the Asian session, gold prices traded low at around $1,668 per ounce, while gold futures hovered at $1,675 per ounce.
The Russia-Ukraine war is heating up again following an explosion that has set off a huge fire and damaged the main Kerch bridge, the only land link between Russia and Crimea.
In response to the incident, Moscow launched its aggressive offensive by raining missiles on Ukrainian cities on Monday, causing severe damage to communications and energy systems.
This put the market in a risky environment, but gold failed to take advantage of the opportunity due to the strengthening of the US dollar and higher treasury yields.
The dollar index rose again towards a 20-year high, while the 10-year US bond yield is also nearing a 12-year high of 3.98%.
It was also supported by a positive reading in September's US NFP employment data which reaffirmed expectations for a 75 basis point increase at the November policy meeting.
Investors' focus is now on US consumer and producer inflation data due this week.
