Gold Steady Ahead Of US Non-Farm Payrolls Report

Gold was little changed in Asian trade early on Friday as investors awaited U.S. jobs data, due later in the day, and the precious metal remained on course for a second straight weekly gain.

FUNDAMENTALS

* Spot gold was flat at $1,360.60 an ounce by 0050 GMT. Bullion ended up 0.2 percent at $1,360.80 on Thursday and has risen 0.7 percent so far this week.

* U.S. gold was nearly unchanged at $1,366.90 an ounce.

* Economists polled by Reuters are looking for U.S. non-farm employment to have risen by 180,000 in July, while the unemployment rate is forecast to edge down to 4.8 percent from June’s 4.9 percent. The official payrolls numbers are due at 1230 GMT Friday.

* Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.37 % to 973.21 tonnes on Thursday.

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