Asian markets opened this morning with a slight decrease in gold prices, as position adjustments are likely to occur before the release of key economic data in the United States.

Gold prices edged slightly lower in early Asian trading hours as position adjustments may occur before the release of key economic data in the United States later today. Spot gold fell by 0.2% to $3,741.60 per ounce. Konstantinos Chrysikos of Kudotrade commented that investors are focusing on the report of the Personal Consumption Expenditures Price Index for August to confirm the policy outlook of the Federal Reserve. The customer relations management executive added, "Weak data may increase expectations of a dovish stance by the Federal Reserve and benefit non-yield assets like gold."