Gold prices slumped on Tuesday as the US dollar continued to rebound from three-year lows.
While gold was down by over 1% as at 1730 GMT, trading at around $1,332 per ounce, the dollar basket was up 0.6%.
The dollar index remains about 3.4% lower year to date.
The greenback appears to be enjoying a sharp upward correction after having suffered a significant sell-off over recent weeks.
Investors will be watching the release of the minutes from the US Federal Reserve´s (Fed) policy meeting especially closely on Wednesday.
A more hawkish tone from the Fed could spur further strength for the dollar at the expense of gold.
However, there was also talk on Tuesday that a series of US government debt auctions this week worth $258bn could put renewed downward pressure on the dollar and simultaneously boost gold.
Reuters technical analyst Wang Tao said spot gold was expected to fall to the next support level at $1,326.
Silver traded down 0.7%, at around $16.5 per ounce.
Platinum was around 0.4% lower, while palladium was up by about 0.4%.