Gold edges higher as investors mull mixed US economic signals

Gold edged higher after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the Federal Reserve fights inflation.

The precious metal fell as much as 0.4% on Monday before reversing, following its back-to-back weekly loss on Friday. Investors have been mulling a softer-than expected US jobs print that added to evidence that the economy is gradually slowing, easing fears that markets are headed for a painful rut marked by high inflation and sluggish growth.