Gold slipped to a one-week low as investors sought the U.S. dollar after weak data in China, although rising expectations for a pause in interest rate increases by the U.S. Federal Reserve limited losses.

Markets extended rebound amid volatility and gained nearly half a percent.

Gold has edged higher today, buoyed by a slight pullback in the U.S. dollar as market participants grew more confident the Federal Reserve may have finished raising interest rates.

Markets started the September series with a strong rebound and gained nearly a percent.

Gold prices have firmed as investors braced for U.S. jobs data that could confirm the economy's recent cooling trend and reduced rate hike expectations that have set gold on track for its second straight week of gains. 

Markets traded volatile on the monthly expiry day and lost nearly half a percent, in continuation to Wednesday’s fall. 

Gold prices are supported by lower than forecast US second quarter GDP numbers which showed that the economy expanded by 2.1% versus the expectation of 2.4 %.

Markets traded volatile and ended almost unchanged amid mixed cues.

Gold has steadied after previous day’s gains as traders positioned for more U.S. economic readings that could further alter the odds of another interest rate hike by the Federal Reserve.

Markets remained range bound for the second consecutive session and ended almost unchanged.