Gold prices moved in a tight range on Monday as investors turned to U.S. employment numbers to confirm their bets on the extent of the Federal Reserve's interest rate cut expected this month.

The Fed is expected to kick off a rate reduction cycle at its meeting on 17 and 18 September. Traders currently see a 69% chance of a 25 basis point reduction and a 31% chance of a 50 basis point reduction, according to the CME's FedWatch tool

So spot gold fell by 0.1% to $2,499.47 per ounce at 0143 GMT. US gold futures rose 0.2% to $2,531.90

Spot gold fell by 1% in the previous session after data showed that US consumer spending rose solidly in July, making the case for a half-percentage point cut in the interest rate.

Spot silver rose 0.6% to $28.66 per ounce, platinum was stable at $926.50, and palladium rose 0.1% to $966.25 per ounce.