In the early trading session, the gold price in Asia rose slightly before the release of US economic data.

Gold edged slightly higher in early Asian trading. Spot gold rose 0.2% to $3,554.31 per ounce. ANZ Bank reported that the recent rally in gold has paused as traders are awaiting the release of US non-farm payroll data later today. This data is expected to help determine the Federal Reserve's interest rate path. ANZ Bank stated that the market has also locked in profits as the previous rally in gold was driven by strong safe-haven demand and expectations of a Fed rate cut. If the Fed cuts rates, it will further boost the attractiveness of non-yielding gold.