Gold prices continued to decline as investors braced for the release of US inflation data.
The Asian session saw the yellow metal trading bleakly at a one-month low around $1,855 an ounce.
Although the US dollar depreciated, gold was unable to take advantage of it to register an increase.
This is because, although inflation is expected to decrease in January compared to the previous month, it is expected to remain at a relatively high level.
This trend has the potential to provide enough support for the Federal Reserve (Fed) to maintain its view that interest rates should rise higher.
Investors had widely expected US consumer prices to rise 6.2% year-on-year last month, down from 6.5% in December.
On Monday, Federal Reserve (Fed) policymaker Michelle Bowman said the central bank would need to continue raising interest rates to bring inflation down to its 2% target.
