Market caution limited the movement of the yellow gold metal to trade flat on Wednesday's trading session.
The Asian session saw gold prices hovering around the same price at $1,740 an ounce, erasing the gains recorded in the previous session.
Investors are now fully focused on the report of the minutes of the FOMC meeting that will be released early Thursday morning.
Meanwhile, investors will be shown first with the economic data of the United States in the New York session.
The market also continues to examine the statements of several Federal Reserve (Fed) policymakers that have echoed since last week.
Most recently, Cleveland Fed President Loretta Mester reiterated her previous statement that lowering inflation remains critical for the central bank.
Kansas City Fed President Esther George said the central bank may need to raise interest rates higher and leave them longer to lower inflation.
This indirectly shows that there are still policy makers who think the rate hike should continue and some are of the view that a slower increase is needed.
