Gold prices were little changed for a second straight session, ahead of the pivotal U.S. jobs report coming later in the week.

An upbeat jobs report for March could push the Federal Reserve to raise interest rates as early as July, according to some analysts.

Federal Reserve Chairman Janet Yellen’s relatively hawkish speech last Friday helped stop late-March rally in gold prices, leaving the precious metal down sharply for the month.

Gold for May was up $1 at $1185 an ounce on the New York Mercantile Exchange this morning. Gold hit a 5-month low of $1120 in March.

The material has been provided by InstaForex Company –