Pakistan, July 2 -- Gold prices remained steady on Wednesday as investors awaited crucial U.S. jobs data and gauged the Federal Reserve's stance on interest rate cuts. A weaker dollar helped limit losses for the precious metal, which is priced in greenbacks.
Spot gold hovered at $3,341.70 per ounce by 0408 GMT, while U.S. gold futures held at $3,351.40. The U.S. dollar index dropped to its lowest in over three years, making gold more attractive to foreign investors.
Market analysts believe gold is in a consolidation phase after recent strong gains. "The broader trend still leans bullish," said Ilya Spivak, head of global macro at Tastylive. He added that investor focus remains on Fed policy expectations in light of economic uncertainty.
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