Gold prices remained near a three-month low as positive U.S. economic reports bolstered the case for higher interest rates, while traders awaited statements from Federal Reserve Chair Jerome Powell for further guidance. Despite a steady dollar, U.S. consumer confidence and new home sales exceeded expectations, increasing the likelihood of rate hikes. This caused gold to fall by up to 0.6%. Investors are now closely monitoring upcoming economic data, including the personal consumption expenditure price index and GDP data, as well as Powell's speech at the European Central Bank Forum on Central Banking.