Gold has recovered since the opening of the week, rising 0.58% as the US dollar extended its losses ahead of the release of busy US economic data.
Speculation that US President Donald Trump will select a new Federal Reserve (Fed) Chairman candidate by September or October has pushed the USD close to a February 2022 low.
At 9.20 am, gold prices were at $3,320.18, up 0.52% since it opened in early trading on Tuesday in the Asian session.
In addition, Middle East geopolitical tensions along with trade talks limited gold's gains to move higher.
US Treasury Secretary Scott Bessent said he was confident the trade bill would progress, including Senate approval of proposed tax code overhauls, Medicaid program funding cuts and green energy.
This week, ahead of the US Independence Day on July 4, the market will be presented with ISM Manufacturing PMI data, ADP jobs report, Unemployment Claims and Non-Farm Payroll (NFP) data for June.
