Gold has maintained a steady movement since the beginning of the week despite strong US Treasury yields and a broad decline in the US dollar.
At 9.20 am, gold prices were at $2,639.44, down 0.18% since it opened early Wednesday in Asian trading.
Bullion extended its gains as traders brushed aside upbeat US JOLTS employment data from the US Labor Department.
The number of new job openings in the US rose sharply and showed that labor numbers remain strong.
This week, US employment data for November will be released on Initial Jobless Claims and Non-Farm Payroll (NFP) which could be a big clue for the Fed to ease its policy at the December FOMC meeting.
San Francisco Fed, Mary Daly said the US economy is on track as inflation is moving towards 2% and the labor market remains strong. The Fed is set to restructure monetary policy based on the latest data releases in December.
Fed Governor Adriana Kugler commented that the labor market is positive and sees the economy in good shape after making progress in recent years.
However, the Fed will still need to be cautious about data changes before making a decision at its next meeting.
Towards the end of this week, the US economy will feature speeches by Fed officials including Jerome Powell, ADP jobs, S&P Services PMI and Non-Farm Payroll (NFP) figures.
