Gold prices remained steady, trading near $2,655 an ounce as traders adjusted their expectations for Federal Reserve rate cuts following stronger-than-expected U.S. jobs data. U.S. Treasury yields have returned to 4%, reducing the likelihood of a significant rate cut by the Fed in November. Lower rates are generally positive for non-yielding gold, and upcoming U.S. inflation data may offer further guidance.

Despite a 29% rally this year, driven by central bank purchases and haven demand, gold saw some profit-taking recently. Spot gold edged up 0.1% while palladium rose, and platinum and silver dipped.