Investors are more skeptical on Monday about the Federal Reserve's rate hike. However, the price of gold has not changed much.

Gold is very sensitive to rising interest rates because it reduces the appeal of bullion, which does not earn interest.

Spot gold was stable at $1,923.62 per ounce at 0347 GMT. U.S. gold futures were down 0.2% at $1,929.50

Prices have fallen by more than 7% since they reached near-record levels at the beginning of May as investors reduced their expectations for the end of the US Federal Reserve's rate hike cycle.

The closely watched Labor Department employment report showed that the U.S. economy created the fewest jobs in 2 and a half years in June, but strong wage growth showed that labor market conditions are still tight.

In other precious metals, spot silver remained stable at $23.05 per ounce, platinum fell 0.1% to $907.34, and palladium fell 0.4% to $1,238.86.