India, Aug. 4 -- Gold prices held steady on Monday after gaining the most in two months on Friday as traders ramped up bets of imminent Federal Reserve rate cuts.
Spot gold edged down 0.1 percent to $3,360.00 per ounce in European trade, while U.S. gold futures were up 0.4 percent at $3,412.87.
The U.S. dollar index found some support at lower levels after a sharp 1.5 percent decline on Friday on the back of weak jobs data and uncertainty over Fed independence.
U.S. employment growth undershot expectations in July and the count for the prior two months was revised down by a massive 258,000 jobs, suggesting a sharp deterioration in labor market conditions.
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