June 25 (Reuters) - Gold prices held their ground on

Wednesday as a tentative ceasefire between Iran and Israel

dampened safe-haven demand, though a weaker dollar and

bargain-hunting after bullion's decline in the previous session

helped limit losses.

FUNDAMENTALS

* Spot gold was unchanged at $3,326.39 per ounce, as

of 0042 GMT, after hitting an over two-week low on Tuesday.

* U.S. gold futures edged 0.2% higher to $3,340.

* On Tuesday, Iran and Israel signalled a halt to their air

war following U.S. President Donald Trump's public reprimand

over ceasefire violations announced earlier that day.

* The U.S. dollar index hovered near a one-week low,

making greenback-priced gold more attractive to overseas buyers.

* U.S. consumer confidence unexpectedly deteriorated in June

as households increasingly worried about job availability,

another indication that labor market conditions were softening

against the backdrop of rising economic uncertainty because of

the Trump administration's tariffs.

* Higher tariffs could begin raising inflation this summer,

a period that will be key to Federal Reserve's consideration of

possible rate cuts, Fed Chair Jerome Powell told members of

Congress on Tuesday.

* Federal Reserve Bank of Cleveland President Beth Hammack

said on Tuesday that she sees no pressing need to cut interest

rates when there's still a lot of uncertainty what trade tariffs

will do to inflation, which is still above the central bank's

target.

* Fed funds futures traders are now pricing in 61 basis

points of rate cuts for 2025, with the first move expected to

come in September.

* According to a report by the Official Monetary and

Financial Institutions Forum (OMFIF), one in three central banks

managing a combined $5 trillion plan to increase exposure to

gold over the next one-to-two years after stripping out those

planning to decrease, the highest in at least five years.

* Elsewhere, spot silver was up 0.1% at $35.94 per

ounce, platinum fell 0.2% to $1,313.88, while palladium

was down 0.2% at $1,064.01.

DATA/EVENTS (GMT)

0500 Japan Leading Indicator Revised April

1000 France Unemployment Class-A SA May

1400 U.S. New Home Sales-Units May