Gold falls on investor caution ahead of key US economic data

An employee holds one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Dec. 22, 2023. - Photographer: Chalinee Thirasupa/Bloomberg

Gold fell on Tuesday, though held above the $5,000-per-ounce level, as investors stayed cautious ahead of key U.S. jobs and inflation data due later this week that could help gauge the U.S. Federal Reserve's interest rate trajectory.

Spot gold fell 0.8% to $5,022.57 per ounce by 0524 GMT. The metal gained 2% on Monday, as the dollar weakened to its lowest level in more than a week. Gold scaled a record high of $5,594.82 on January 29.