Gold steady as investors hold off on big decisions

Gold was little changed on Tuesday as investors held off on big decisions ahead of U.S. jobs data that could provide further clues on the Federal Reserve’s interest rate path.

Spot gold was steady at $2,746.09 an ounce by 0235 GMT. Prices ended lower yesterday after hitting an all-time high of $2,790.15 an ounce during the day.

U.S. gold futures rose 0.2 percent to $2,755.70, according to Reuters.

Gold prices have risen more than 4 percent in October amid safe-haven inflows amid Middle East tensions and uncertainty over the U.S. election.

The market now looks to the U.S. nonfarm payrolls report, due at 1230 GMT, for clues on the strength of the world’s largest economy.

According to the FedWatch tool, traders are 95% likely to see the Fed cut interest rates by 25 basis points next week.