• Gold held steady on Friday, close to a seven-week high hit earlier this week, as the dollar eased to hover near multi-month lows ahead of monthly U.S. nonfarm payrolls data due later and amid continuing U.S. political uncertainty.
Spot gold had risen 0.1 percent to $1,268.80 per ounce by 0647 GMT. It was on track to end the week almost unchanged.
• "Investors are cautious ahead of the data that's coming out of the U.S. on Friday and that is why it's been a bit quiet," said Brian Lan, managing director at gold dealer GoldSilver Central in Singapore.
"The dollar weakening on news of developments in the ongoing U.S. elections investigations also assisted gold quite a bit," Lan said.
• "We expect gold to trade entirely on the nuances of the U.S. dollar ahead of the data," said Jeffrey Halley, senior market analyst at OANDA.
• Spot gold may test support at $1,264 per ounce, a break below which could cause a further loss to the next support at $1,258, according to Reuters technical analyst, Wang Tao.
• Among other precious metals, silver rose 0.4 percent to $16.68 per ounce, after falling to a one-week low in the previous session.
Reference: Reuters
Thai
Eng