Gold prices fell to around $4,010 per ounce on Tuesday, marking a fourth consecutive session of losses amid dwindling expectations for a US interest rate cut as investors await the release of delayed US economic reports this week. The lack of US data over the past six weeks, coupled with hawkish remarks from several Fed officials, has diminished hopes for a rate cut in December. On Monday, Fed Vice Chair Philip Jefferson noted that downside risks to employment have risen relative to upside risks to inflation but said that the Fed should proceed “slowly” with further rate reductions. Traders will closely watch Thursday’s September jobs report for insights into the health of the US economy, while the release of the Fed’s latest meeting minutes on Wednesday will provide additional rate guidance. Markets currently imply a 43% probability of a 25bps rate cut in December, down from over 60% earlier this month.