Gold trading range for the day is 29984-30460.
Gold dropped as European equities rebounded after Russian President Vladimir Putin's latest comments on Crimea lifted appetite for risk.
Putin said Russia does not want to seize more of Ukraine after approving plans to make Crimea part of Russia.
The U.S. central bank is expected to stick to reducing its monthly asset purchases by an additional $10 billion.
A series of U.S. economic data showing growth has been hurt by severe cold weather in the first two months of the year had hit the dollar.
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