Gold prices remained flat around four-week lows, failing to react significantly following Federal Reserve (Fed) Chairman Jerome Powell's latest statement.
In the Asian session, the yellow metal traded steady at $1,876 per ounce, while gold futures hovered around $1,889 per ounce.
Gold traded little changed as Powell reiterated that US inflation has started to fall but still has a long way to go to return to the Fed's 2% target.
However, he said that if the jobs data is strong and the inflation numbers continue to rise, it could force the Fed to raise interest rates more than the market expects.
This left the market divided in its assessment of the statement, which saw Powell's stance slightly changed following the recent strengthening of the NFP jobs report.
Even so, the price of gold did not show much change by remaining traded hovering around the same price after the sudden fall recorded last Friday.
