Support also seen earlier after the IMF cut its global growth forecasts for a fourth successive year – it now sees worldwide expansion of 3.1 percent this year, the weakest since 2009, with Chinese growth slowing to 6.8 percent this year and 6.3 percent in 2016.
Investors await the release of the minutes from the Fed's September meeting on Thursday for further hints on whether the U.S. central bank could raise short-term interest rates before the end of the year. Last month, the FOMC voted to leave its benchmark Federal Funds Rate at its current rate between zero and 0.25%, marking the 55th consecutive meeting it decided to keep the rate unchanged at a near-zero level.
Gold trading range for the day is 26214-26958.
Gold eased on the firmer dollar while losses were capped on expectations that the U.S. Federal Reserve will delay raising interest rates until next year.
Fed chair Janet Yellen said it was likely the FOMC could hike rates by the end of the year barring unforeseen events over the next several weeks.
SPDR gold trust holdings dropped by 0.26% i.e. 1.78 tonnes to 687.20 tonnes from 688.98 tonnes.
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