Gold steadied, after three days of losses underpinned by fading expectations of a US interest rate cut next month.

Bullion was trading around $4,030 an ounce on Tuesday. With investors and policymakers awaiting a backlog of data after the longest US government shutdown in history, several Federal Reserve officials have cautioned against another reduction in the cost of borrowing.

Interest-rate swaps now imply a less-than-50% likelihood of a December rate cut after all but pricing in a quarter-point reduction less than a month ago. This has dampened the outlook for gold, which doesn’t pay interest and typically benefits from lower rates.

The first clues to the state of the American labor market will appear on Thursday, when the Bureau of Labor Statistics is scheduled to release the Septe

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