The markets are quieter in Asia following a strong performance on Wall Street with US stocks bouncing back from the prior session's lows.

 Gold has moved into consolidation between $1,647.60 and $1,650, resting in wind-down markets into the Easter holidays following an almost full reversal from the mid-March lows.

The focus was the minutes from the Federal Reserve’s March 3 and March 15 meetings which revealed anxiety over the virus and the extremely large degree of uncertainty. There was a muted reaction to the minutes as they didn't show anything that hasn't already been priced in.

The Fed is not expected to make any changes. There will be no tapering until there is a clear path to the road of recovery and until the US economy can get up and out of its COVID-19 lockdown sickbed. With certainty, the Fed will remain on the cautious side and gold prices can take up the flack while traders continue to monitor the news on developments pertaining to the virus pandemic.