Divya Delhi: Gold's greatest stretch of advances since February was driven by worries of a US economic slowdown and speculators' predictions on lower interest rates. After increasing almost 3% in the previous four trading sessions, gold was flat at $3,383 an ounce in early Asian trade. Services sector stagnation in July was the latest indicator of tariff-induced economic harm in the US. Other numbers last week showed a sluggish labor market and consumer expenditure. A 90% possibility of a Federal Reserve reduction at its September meeting has increased due to signs of deterioration in the world's largest economy. Bullion with no interest is usually supported by lower rates. Gold has risen roughly 30% this year as investors seek shelter amid trade wars, geopolitical worries, and declining dollar-denominated asset trust. Still, the precious metal has remained range-bound for months, needing new catalysts to break its April record high of $3,500 an ounce. Gold held at $3,383.09 an ounce at 8:19 a.m. Singapore time. Flat Bloomberg Dollar Spot Index. Silver and palladium held steady, but platinum fell.