Investors are closely monitoring the Federal Reserve's next moves on interest rates as the latest jobs report showed fewer additions than expected, casting uncertainty on the economic outlook.
The mixed jobs report, which saw downward revisions for June and July alongside a dip in unemployment, has made a significant impact on the market's expectations for a potential rate cut.
With the upcoming U.S. inflation report, any lower-than-expected inflation figures could ignite further speculation regarding larger rate cuts this year, favoring gold as a safe haven.
Economic challenges in the U.S. and China, paired with approaching U.S. elections, may continue to enhance gold's appeal, keeping prices stable around the USD 2,500 mark.
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