Gold steadies as traders await jobs data for Fed cues

Gold prices steadied on Wednesday as investors looked out for more U.S. jobs data to gauge the Federal Reserve's next steps on its monetary policy, although higher U.S. bond yields kept a lid on bullion's upside. Spot gold was up 0.1% at $2,043.72 per ounce, as of 0434 GMT, after hitting its lowest since Dec. 21 on Wednesday. The biggest driver for gold prices for the last few days has been waning expectations of interest rate cuts this year and it would remain to be the case over the next few days as well, said Kyle Rodda, a financial market analyst at Capital.com.