May 2 (Reuters) – Gold steadied on Thursday, holding just above a one-week low touched in the previous session after comments from U.S. Federal Reserve Chairman Jerome Powell dashed hopes of a near-term rate cut, boosting the dollar.

FUNDAMENTALS

* Spot gold was unchanged at $1,276.35 per ounce as of 0102 GMT, having fallen to $1,272.74, its lowest since April 24, on Wednesday.

* U.S. gold futures fell 0.5 percent to $1,278.30 an ounce.

* The dollar took a breather in Asia on Thursday after markets were whipsawed by mixed messages on policy from the Federal Reserve.

* On Wednesday the dollar rose after the Fed held interest rates steady and signalled little appetite to adjust them any time soon, taking heart in continued job