Gold prices fell to around $4,060 per ounce on Wednesday, giving back some gains from the previous session, as investors remained cautious ahead of major economic releases. Key focal points include the FOMC meeting minutes later today, followed by Thursday’s jobs report, both of which could provide more clarity on the interest rate outlook. US agencies have started rolling out data delayed by the government shutdown, with Americans claiming unemployment benefits hitting a two-month high in mid-October and continued claims rising to 1.9 million for the week ending October 18. While the figures slightly lifted hopes for a December rate cut, investors worry that upcoming data could constrain the Fed’s ability to ease further amid policymakers’ skepticism. Meanwhile, concerns over lofty tech valuations have weighed on risk sentiment, potentially increasing gold’s safe-haven appeal amid the ongoing equity market sell-off.