Gold slightly rebounded to $1,120.50 ( 0.57%), but stayed under pressure amid speculation that the Federal Reserve could raise rates in December. Outflows from exchange-traded funds and gains in stock markets also weighed on the precious metal. Meanwhile weaker-than-expected reports on the U.S. economy failed to support gold.
Market participants are waiting for more data to assess strength of the U.S. economy and the probability of a data-dependant rate hike. That's why investors will focus on U.S. key jobs report due Friday.