Gold held steady above $3,330 an ounce on Wednesday after a two-session rally that carried the precious metal to its highest level since 24 June. Spot prices were little changed at about $3,337 an ounce at mid-morning in London, while U.S. futures hovered near $3,346. The metal has climbed more than a quarter this year as investors seek havens amid geopolitical tensions and trade uncertainty. Renewed expectations of U.S. monetary easing remain the main driver. Derivatives markets are pricing roughly a half-percentage-point of Federal Reserve rate cuts beginning in September, even after Chair Jerome Powell reiterated this week that policymakers will wait for more data before lowering borrowing costs. A dollar index sitting at its weakest in three years has further boosted demand for non-interest-bearing bullion. Safe-haven flows were reinforced by fiscal concerns after the Republican-controlled Senate approved President Donald Trump’s sweeping tax-and-spending package, a measure projected to widen the federal deficit by about $3.3 trillion over the coming decade. The legislation now heads to the House of Representatives. Traders are watching U.S. ADP employment figures due later today, Friday’s nonfarm payroll report and a 9 July deadline that could see tariffs on trading partners jump sharply. Strong labour data could temper expectations for near-term Fed cuts, while any escalation in trade frictions would likely bolster gold’s appeal.