Gold was steady in Asia as the market weighed the chances of another Federal Reserve rate cut in the coming months.
New York Fed President John Williams said he sees room for the US central bank to cut borrowing costs in the near term as the labor market softens, although other officials sounded more cautious. Bullion pared losses on Friday after Williams' comments but still ended the session lower.
Futures traders are pricing in a slightly more than 60% chance of a quarter-point cut next month.
Gold rose 0.1% to $4,070.08 an ounce as of 7:43 a.m. in Singapore after dropping 0.3% in the previous session. The Bloomberg Dollar Spot Index added 0.1%. Silver, platinum and palladium all climbed.
Source: Bloomberg
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