Despite the strengthening of the dollar, gold prices rose slightly in the morning as investors sought safe-haven Assets amid increasing market uncertainty.

The December ADP employment data from the USA was weaker than expected, providing some support for the Federal Reserve to potentially be less cautious about interest rate cuts. However, the meeting minutes released on Wednesday showed that officials currently plan to keep interest rates stable, indicating their awareness of the risks of inflation exceeding expectations, partly due to uncertainties surrounding President-elect Trump's policies.

Paul Ashworth from Capital Economics stated, "The current median interest rate forecast shows a rate cut of only 50 basis points this year, which is not surprising."

Gold Futures are currently up 0.4% to $2,682.80 per ounce, as investors are awaiting the USA's non-farm payroll report scheduled for Friday to gain further insight into the Federal Reserve's monetary policy direction.