The gold metal market has maintained its price stability since the opening of the week, despite the US dollar's volatile currency flow as threats to the independence of the Federal Reserve (Fed) central bank emerged.
At 9.20 am, gold prices were at $3,389.94, down 0.21% since it opened in early trading Thursday in the Asian session.
US economic data remained resilient, but New York Fed President John Williams' statement said that interest rate cuts would be driven by appropriate data and economic performance.
Ahead of the next FOMC meeting scheduled for September 16-17, the market will evaluate a jobs report and two inflation reports.
Investors set a high confidence of 90% on the next easing.
Meanwhile, the conflict between the White House and the Fed continues to support the value of gold to move closer to the $3,400 position.
Ahead of this week, market participants will look forward to the release of US GDP data, Jobless Claims and the PCE report, the Fed's gauge of inflation.
