The price of gold rose by $16.7 compared to the previous trading session, reaching a three-week high of $1,936.5 per ounce.
The release of the US Job Openings and Labor Turnover Survey (JOLTS) report and the Consumer Confidence Index showed lower-than-expected results, leading to increased demand for precious metals.
Gold continues to maintain a strong recovery but still carries some risk in the near future due to several economic news events that may have a significant impact on its price.