Gold prices fell, moving in a narrow range, as investors held off making big bets, focusing on important US jobs data due later in the week, It is a basic indicator of the position of the US Federal Reserve on future policies.
Gold fell in spot transactions 0.1% to $ 1810.92 an ounce, while US gold futures fell 0.5% to $ 1813.70, according to CNBC Arabia.
There is a lot of spare capacity in the labor market... if there is a feeling that the Fed It will continue to keep policy settings loose (in the) medium to long term, this is a really good dynamic for gold, especially if we see that inflation expectations are still relatively high.
Large stimulus measures tend to support gold, which is often seen as a hedge against inflation and currency instability.
Christopher Waller, a member of the Federal Reserve, said on Monday that the central bank could start reducing its support by October if the next two monthly jobs reports showed employment increased by an average of 800 thousand to a million, as expected.
The dollar fell against the safe-haven Japanese yen and Swiss franc during the Asian trading session.
For other precious metals, silver fell 0.5% to $25.31 an ounce, palladium rose 0.3% to $2682.32, while platinum fell 0.3% to $1,054.22. /p>
