Gold on Tuesday held near lows touched in the previous session as Asian stocks rallied and markets assessed whether the latest US jobs data has boosted the prospects for an interest rate hike by the US Federal Reserve. Spot gold was little changed at $1,354.20 per ounce by 0640 GMT. It fell 0.8 percent on Monday, its biggest decline in nearly two weeks, to close at $1,354.85.
US gold was also little changed at $1,355.30 an ounce.
Gold was coming under pressure after strong non-farm payrolls data that had boosted some expectations for a US rate hike, said Mark To, head of research at Hong Kong's Wing Fung Financial Group.
"In the near-term there should be some resistance for prices," To said. "However, there should not be much downward pressure after the pullback as the US Fed will not raise interest rates anytime soon."
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