Gold prices rise slightly as US jobs data awaited

Gold prices rose slightly on Wednesday as markets awaited more jobs data and comments from Federal Reserve Chairman Jerome Powell for more clues on US interest rate outlook.

Spot gold was up 0.14% at $2,647.72 an ounce, while US gold futures were up 0.09% at $2,670.

Traders now turn their attention to the ADP employment report due at 1315 GMT, as well as Powell’s speech later in the day. This comes ahead of the US jobs report due on Friday, according to Reuters.

Data on Tuesday showed that job openings in the United States rose moderately in October while layoffs fell.