Gold traded in a negative trend for the fourth day in a row since last week near $2,650 following the gains in the USD after Friday's upbeat Non-Farm Payroll (NFP) report.
The US NFP figure rose 254,000 in September above 159,000 in August and it was above the market consensus of 140,000. The Unemployment Rate ticked lower to 4.1% in September, down from 2.4% in August.
At 9.30am, gold was at $2,650.12, down 0.13% since it opened in early Asian trading on Monday.
However, the positive US jobs report continued to dampen hopes of the Federal Reserve (Fed) to implement more aggressive interest rate cuts at the next meeting and prevented gold from surging.
Chicago Fed Bank President Austan Goolsbee said the new jobs data was surprising and the report boosted confidence that the US economy had reached full strength with low inflation.
Looking at heightened geopolitical sentiment in the Middle East, Israel struck Hezbollah targets in Lebanon and the Gaza Strip on Sunday ahead of the one-year anniversary of the Oct. 7 attack that launched the conflict.
Israel's defense minister declared the possibility of revenge against Iran.
