Gold held steady on Friday, after dipping 0.3 percent in the prior session on a firm dollar, as as investors waited for the release of key US non-farm payroll data later in the day. Spot gold was flat at $1,251.06 per ounce S gold futures were also little changed at $1,252.90. Spot gold was set for its fourth straight week of gains, on track for a weekly rise of less than half a per cent. Gold was pressured on Thursday as new applications for US unemployment benefits last week recorded their biggest drop in nearly two years. The dollar index, which measures the greenback against a basket of currencies, was up 0.1 per cent at 100.730.Investors will watch out for March US non-farm payrolls data on Friday, which analysts say could be key for the short-term direction of the gold market. According to a Reuters survey of economists, non-farm payrolls likely increased by 180,000 jobs last month after rising 235,000 in February.Strong job gains will likely add upward pressure on wages, supporting higher interest rates. Investors were also anxious over Friday's meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, who met face-to-face for the first time on Thursday.
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