The yellow metal price trend moved lower, paring some of its gains at the beginning of the week when it fell more than 0.80% during Tuesday's trading following US employment data revealing an improving labor market.
In addition, support for the recovery of the US dollar's position burdened gold's direction to continue to be pressed lower.
At 9.20 am, gold prices were at $3,361, up 0.23% since it opened in early trading Wednesday in the Asian session.
The US market mood turned optimistic after the release of the latest JOLTS labor data which showed job openings increased sharply in April.
Not only that, the market will also see the next employment figures, the ADP report for May which is expected to improve followed by the Non-Farm Payrolls (NFP) data on Friday.
Meanwhile, gold prices also fell following rumors of a possible call between US President Donald Trump and Chinese President Xi Jinping.
Last week, Trump accused China of violating a trade deal struck in Switzerland and doubled steel and aluminum tariffs to 50% worldwide effective June 4.
The European Commission has been pressuring the United States to lower tariffs and Trump has urged its trading partner to accept a revised offer by Wednesday to speed up trade talks.
Atlanta Fed President Raphael Bostic said the current monetary policy approach calls for patience and expects only one cut this year.
