Washington analysts say Democratic commissioners Rostin Behnam and Dan Berkovitz are the front-runners, and would likely take a tougher stance on the industry.
Gold prices have strong support at $1260 an ounce while resistance is at $1295
Labor Department data showed US employers added the fewest jobs in more than a year in March. The rise of 126,000 jobs was well below expectations for a gain of 245,000, according to a Media poll of economists.
Gold's outlook this week will depend on a Federal Reserve policy meeting, when the U.S. central bank is widely expected to end its bond-buying stimulus, OCBC Bank analyst Barnabas Gan said.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 7.49 tonnes to 797.05 tonnes on Friday - the first increase in a month.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.37 percent to 798.22 tonnes on Monday from 801.22 tonnes on Friday. In terms of ounces, holdings fell to 25,663,578.79 from 25,760,019.68, their lowest since 2009.
On Tuesday data from the Commodity Futures Trading Commission showed hedge fund and money managers were the least bullish they have been on gold since June 2007. In the week ended December 3, short bets on gold increased by 4,557 to 79,631 lots, and longs slipped slightly to 106,405.
Five years after the catastrophic collapse of the Wall Street, the American economy is growing and the businesses are creating jobs, Obama said yesterday while nominating Timothy Massad to run the Commodity Futures Trading Commission (CFTC).
Spot gold had eased 0.3 percent to USD 1,348.44 an ounce by 0010 GMT, after posting a near 3-percent gain the week before.
Gold erased early gains that pushed it past USD 1,400 mark to an 11-week high, slipping on uncertainty over whether the US Federal Reserve will wind back its stimulus measures from next month.
The threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds in developing countries to levels not seen since the last financial crisis.
Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the precious metal amid a record tumble in its price.
The top US derivatives regulator is considering whether the Bitcoin virtual currency should be subject to its rules, a top official at the agency said.
Gold fell for the first time in seven sessions on Monday as the risk of a Greek exit from the euro zone subsided after parties backing a bailout for the country won an election, denting the metal's safe-haven appeal.
Asian shares remained under pressure on Monday after talks to form a Greek government failed, with China's latest move to loosen monetary policy only adding to investor risk aversion as it underscored how Europe's plight is hampering global growth.
The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co will pay USD 20 million to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers Holdings Inc.
Swap dealers would need to disclose more information to customers and provide added protection to clients like pension funds and municipalities under new rules proposed by US securities regulators on Wednesday.
US regulators, eager to send a tough message to high flying oil markets by bringing its biggest ever oil manipulation case to court, may have simply gotten lucky.
Juerg Kiener the MD & CIO of Swiss Asia Capital, in an interview on CNBC-TV18 gave his readings of how he sees crude playing out. "I see crude touching USD 90-95/bbl on the downside, however, on the upside it may touch USD 120-125/bbl," he says.
A torrent of new rules for Wall Street and US banks is pouring off Capitol Hill into the federal regulatory agencies, unleashed by the devastating 2008-2009 financial crisis.