Spot gold dropped by 0.3% to $1,839.37 an ounce after ending 0.4% lower on Wednesday.
The U.S dollar index jumped up by 0.69% to 90.743 on Wednesday, after a 0.2% decline the previous session.
Gold traders are of the bias that the precious market is heading from neutral to bearish...
Spot gold was down by 0.4% to trade at $1,862 per ounce after hitting its highest since Jan. 8 at $1,874.50 earlier in the session.
More COVID-19 relief programs pushed the yellow metal’s appeal up as an inflation hedge.
Gold futures were up 0.38% at $1,836.80/ounce after hitting the lowest point since December 2 yesterday
Gold futures prices at their most recent trading session settled at $1,829.90 an ounce, down by 1.2%.
The U.S dollar index gained 0.6% on the day to settle at 90.77.
Spot gold dropped as much as 0.7% to $1,836.30 an ounce at the Asian trading session
The world's flagship crypto Bitcoin impressive gains partly responsible for seeing massive investors outflows from another popular inflation hedge gold.
