Gold Prices Stagnate Ahead of Crucial US Jobs Data

Gold prices remained steady in early Asian trading on Thursday as investors awaited the release of US jobs data for clues on the Federal Reserve's interest rate path.

The spot gold price was little changed at $4,146.66 per ounce, while US gold futures for December delivery lost 0.3% to $4,177.00.

Friday's US nonfarm payrolls report is expected to provide crucial information on the labor market and its potential impact on interest rates.

The data may influence expectations of an October Fed rate hike, with some traders seeing an 87% chance of a rate increase in December.