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Gold drifts lower with focus on U.S. jobs data

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Pure 1,000-gram gold bars produced by South Korea’s LS-Nikko are stacked in a dealers room in Seoul on Jan. 9, 2009.

KIM JAE-HWAN | AFP | Getty Images

Gold prices inched down on Tuesday after rising 1% in the previous session as investors awaited U.S. jobs data due later this week for clues on the Federal Reserve’s interest rate trajectory.

Spot gold was down 0.2% at $2,345.76 per ounce, as of 0323 GMT. Prices touched their lowest level in nearly a month on Monday before settling 1% higher.

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