Data on Friday showed job growth in the U.S. slowed more than expected in April, while the increase in annual wages fell below 4.0% for the first time in nearly three years.
edged up for a second session on Tuesday, after recent boosted bets that the would cut later this year.FUNDAMENTALS
* Spot gold rose 0.2% at $2,327.11 per ounce, as of 0034 GMT. U.S. gold futures firmed 0.2% to $2,336.20.* Traders are pricing in a 64% chance of a Fed rate cut in September, as per 's FedWatch Tool. Lower rates increase the appeal of holding non-yielding bullion.
* Data on Friday showed in the U.S. slowed more than expected in April, while the increase in annual wages fell below 4.0% for the first time in nearly three years.
* Fed Bank of New York President John Williams said on Monday that at some undefined point the U.S. central bank will lower its interest rate target.
* Investors closely monitored the latest developments in the . Palestinian militant group on Monday agreed to a Gaza ceasefire proposal from mediators, but said the terms did not meet its demands and pressed ahead with strikes in while planning to continue negotiations on a deal.
* , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.21% to 832.19 tonnes on Monday from 830.47 tonnes on Friday.
* Spot fell 0.1% to $27.44 per ounce, platinum gained 0.5% to $958.90 and palladium rose 0.4% to $981.34.
* A private sector survey showed on Monday that China's services activity expansion slowed a touch, but growth in new orders accelerated and business sentiment rose solidly.