Gold retreated on Wednesday during the North American session and fell 0.50% as market participants focused on Israel's reaction to the Iranian attack on Tuesday.
Geopolitical issues remain a driver for investors in moving the value of gold to rise after recording consecutive declining sessions since last Friday.
At 9.15am, the price of gold was at $2,657.14 which is a moderate movement of 0.06% since it opened in early trading on Thursday.
Market sentiment remained gloomy after US equities traded lower and developments in the Middle East suggested an upside is likely.
Israel's ambassador to the United Nations commented that Iran would face the consequences of its missile attacks and US Deputy Secretary of State Kurt Campbell added that the United States would also be involved.
Additionally, US private sector hiring data rose above estimates in September. Richmond Fed President Thomas Barkin said the 50 basis point rate cut in September acknowledged that rates were out of sync.
Barkin added that some aspects of the economy suggest the process of disinflation will continue but it remains difficult to say that the battle against inflation has not yet been fully achieved.
Ahead of this week, investors are tracking further US employment data, Non-Farm Payrolls (NFP) which is expected to show an increase of 140,000 in the workforce in September compared to 142,000 in August.
