• Gold is up 0.28%, boosted by soft US Dollar, and shrugs off positive US job data.
• Upcoming US labor market data could influence the Fed's rate decision.
• Fed officials express optimism about the economy, hinting at cautious policy recalibration ahead.

Gold price trends up on Tuesday during the North American session, up by 0.28%, although US Treasury yields rise, though underpinned by overall US Dollar weakness across the board. The XAU/USD trades at $2644, above its opening price by 0.26%.

Bullion extended its gains as traders shrugged off upbeat US jobs data from the US Department of Labor (DoL). The DoL announced that the number of job openings in the country increased sharply, indicating that the labor market remains solid.

Ahead this week, further US jobs data would be revealed. Positive prints on Thursday’s Initial Jobless Claims and Friday’s Nonfarm Payrolls, could prevent the Federal Reserve from cutting interest rates at the upcoming December meeting.

Meanwhile, Federal Reserve speakers had crossed the wires. San Francisco Fed Mary Daly said the US economy is in a good place, as inflation is headed to 2% and the labor market remains solid. She stated, “We have to continue to recalibrate policy -- now, whether it will be in December or sometime later,” adding they would debate on it, at the December meeting.