Gold prices rose on Thursday to test the $1,900 mark as the dollar and Treasury yields continued to fall on dovish Fed commentary.
Spot gold rose 0.4 percent to $1,881.12 per ounce, while U.S. gold futures were up 0.3 percent at $1,893.60.
The dollar held close to a two-week low after Boston Fed president Susan Collins said Wednesday that rates are at or near their peak, though further tightening could be warranted depending on incoming information.
Her Atlanta counterpart Raphael Bostic said the U.S. central bank need not raise borrowing costs any further and he sees no recession ahead.
U.S. Fed Governor Christopher Waller said the Fed can watch and see if further hikes are needed.
On Wednesday, the Fed's September meeting minutes echoed the recent message of data dependence, with around two-thirds of Fed members predicting one more rate hike before the end of 2023.
Investors now await U.S. weekly jobless claims figures and the consumer price inflation report later in the day for further direction.
According to a Bloomberg survey, U.S. CPI is forecast to have slowed to an annual rate of 3.6 percent in September from 3.7 percent the previous month.
There is some upside risk after September's U.S. producer inflation figures came in much stronger than expected.
