The surge in the USD failed to surprise gold investors
Gold remains at 6-month high
Investors are looking forward to the minutes of the FOMC meeting
Heading into Wednesday's trading session, investors were shown gold prices holding firm at record highs even as the US dollar surged.
In the Asian session, gold spot traded stronger at $1,842 per ounce, while gold futures rose at $1,848 per ounce.
Earlier in the European session, the market was surprised by the 'crazy' movement of the American dollar which bounced more than 1% against its main competitor.
Even so, the golden yellow metal showed little reaction to the surge thus maintaining its consolidation at the strongest level in 6 months.
The strengthening may have been helped by market demand for safer assets after returning from the long New Year's weekend.
Investors' focus is now focused on the release of the minutes of the FOMC meeting early Thursday morning to get new clues on the next direction in the Federal Reserve's (Fed) monetary policy setting.
