Gold stabilizes as markets await US jobs data to gauge interest rate trajectory

Gold prices stabilized at the start of Asian trading sessions on Thursday, as investors awaited US jobs data for clues about the trajectory of interest rates.

By 00:27 GMT, spot gold was steady at $4,146.66 per ounce, while US December gold futures fell 0.3% to $4,177.

The US non-farm payrolls report for September is scheduled for release on Friday.

Data released on Wednesday showed that US inflation rose less than expected in August, with price pressures proving more moderate in the prior month than previously reported. Gold prices briefly rose following the data release but ended trading lower.

Among other precious metals, spot silver fell 0.8% to $60.98 per ounce, platinum remained steady at $1,705.10, and palladium dropped 0.3% to $1,219.60. All three metals are also on track to record monthly losses.