On Thursday, gold prices barely changed as investors shunned risk ahead of US job data that would offer more proof of the scale of the anticipated interest rate decrease this month.
By 0440 GMT, spot gold was constant at $2,504.73 per ounce. US gold futures dropped 0.1 percent to $2,525.90.
Although the drop in itself might not be sufficient to support a half-percentage-point interest rate reduction by the Federal Reserve this month, data released overnight revealed that job openings in the United States dropped to a three- and- a- half-year low in July, implying the labour market is losing momentum.
Declining interest rates was essential to preserving a robust labour market, according to San Francisco Federal Reserve President Mary Daly; investors were also waiting for the ADP employment report, a gauge on the U.S. services sector, and unemployment claims data due later in the day.
Palladium dropped 0.3 percent to $930.76; platinum climbed 0.9 percent to $910.50; spot silver dropped 0.2 percent to $28.21 an ounce.
