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Gold settled, ahead of the non-farm payrolls data in the United States, as some analysts expect strong data that reinforces bets on scaling back economic stimulus and push the yellow metal further down.
And gold rose in spot transactions 0.1 percent to $ 1757.30 an ounce, while US gold futures were little changed to $ 1758.20 an ounce.
“The fate of gold will be determined by tonight’s non-farm payrolls data,” said Jeffrey Haley, senior market analyst for Asia Pacific at Oanda, adding that some investors in Asia were buying gold to hedge against a surprise report outcome.
Gold has also largely ignored the strength of the dollar, which usually tends to weaken the precious metal’s attractiveness among investors holding other currencies, and the rise in 10-year US Treasury yields.
A Reuters survey forecast non-farm payrolls were likely to rise by 500,000 jobs in September.
As for other precious metals, silver fell in spot trading by 0.4 percent to $22.48 an ounce, and platinum rose 0.6 percent to $984.89, up 1.5 percent during the week.
