Gold wavered, as traders weighed the growing prospect of an interest-rate cut in the US against a possible peace deal in Ukraine.
Bullion was trading around $4,135 an ounce, having ended the previous session little changed. Delayed economic data strengthened bets that the Federal Reserve will lower rates at its upcoming meeting. A modest rise in September retail sales showed that several months of robust spending has lost steam, while consumer confidence this month saw its steepest decline since April.