By Ashitha Shivaprasad (Reuters) -Gold prices dipped on Friday as the U.S. dollar firmed, while investors strapped in for Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole symposium for clues on the central bank's monetary policy path.

Powell is slated to give his annual address in Jackson Hole, Wyoming, on Friday. Swaps are pricing in a high probability the Fed will cut borrowing costs by a quarter point next month. In the face of mounting pressure from President Donald Trump for hefty reductions,

Spot gold was down 0.1% to $3 369.59 an ounce at 7:52 a.m. in Singapore. Gold held an advance as the momentum for US interest-rate cuts grew, after Federal Reserve Chair Jerome Powell opened the door to a reduction in September.