Gold prices fell on Wednesday as investors took profits, while a stronger dollar weighed on sentiment across the precious metals sector ahead of key U.S. jobs data this week. Brian Lan, Managing Director of GoldSilver Central, said: “‘(Precious metals) have risen (too quickly) this week, so there’s always going to be some profit-taking… The dollar is also putting pressure on prices.’ The dollar traded in a narrow range near two-week highs ahead of a series of U.S. economic data releases, making dollar-denominated assets more expensive for holders of other currencies.Investors expect the Federal Reserve (Federal Reserve) to cut interest rates at least twice this year and are watching Friday’s nonfarm payrolls data for further clues. Wednesday’s JOLTS job openings survey and ADP employment data may also set the tone for the market.