Gold Declines Amid Anticipation of U.S. Economic Data

Gold prices fell on Wednesday as investors awaited U.S. payroll data and Federal Reserve Chairman Jerome Powell's cautious stance on lowering interest rates. However, a weaker dollar helped limit the losses.

Spot gold dipped 0.2 percent to 3330.68 dollars per ounce by 0217 GMT, while U.S. gold futures dropped 0.3 percent to 3340.60 dollars.

The dollar index fell to its lowest in over three years, making the yellow metal more appealing to holders of other currencies.

As for other precious metals, silver inched down 0.1 percent in spot transactions to 36.01 dollars per ounce, while platinum decreased 0.4 percent to 1344.91 dollars. On the other hand, palladium gained 0.4 percent to 1104.92 dollars.