Gold prices rose on Wednesday as the dollar fell and weaker-than-expected US jobs data reinforced bets on the end of the Federal Reserve's monetary policy tightening cycle.
By 0415 GMT, gold in instant transactions rose 0.2 percent to $2,023.39 per ounce. US gold futures for February delivery also rose 0.2 percent to $2,041.
Matt Simpson, chief analyst at City Index, said fluctuations in gold prices are likely to remain limited ahead of the release of non-farm payrolls data in the United States on Friday.
The yellow metal rose to a record level of $2,135.40 on Monday thanks to increasing bets that the US Central Bank would lower interest rates, before falling more than $100 in the same session due to uncertainty about the timing of easing monetary policy.
Data on Tuesday showed that job openings in the United States fell to the lowest level in more than two-and-a-half years in October, suggesting that higher interest rates are weakening demand for labor.
The dollar index fell 0.1 percent against a basket of currencies, after rising to its highest level in two weeks on Tuesday, making gold less expensive for holders of other currencies.
The focus now turns to November non-farm payrolls data released on Friday which could provide further clues on US interest rate expectations ahead of the Fed's meeting next week.
As for other precious metals, silver rose 0.5 percent to $24.24 an ounce, while platinum increased 0.1 percent to $900.31. Palladium rose 0.6 percent to $940.14 an ounce, hovering near its lowest level in five years.
