Gold managed to create another new high since the opening of the week, amid concerns about the US government shutdown and this week's employment data that is the next indication of an interest rate cut.
At 9.20 am, the price of gold was at $3,864, up 0.14% since it opened in early trading Wednesday in the Asian session.
The latest Job Openings and Labor Turnover Survey (JOLTS) released by the Bureau of Labor Statistics (BLS) showed that US job vacancies increased slightly more than expected.
Meanwhile, the Conference Board's Consumer Confidence showed that Americans are increasingly pessimistic about current business and labor market conditions.
Gold's value is now supported by the decline in the US dollar, following the potential for a 'Government Shutdown' that is approaching. President Donald Trump said he will have good talks with members of Congress Democrats to avoid continuing the conflict.
The US Bureau of Labor Statistics (BLS) revealed on Monday that the shutdown will delay the release of employment data.
This week, investors will be evaluating speeches from several Fed officials, US ADP National Employment Change data, ISM Manufacturing PMI, Initial Jobless Claims and Non-Farm Payroll (NFP) for September.
