Jan 6 Gold on Friday hovered near one-month
highs touched the session before, with traders waiting for U.S.
jobs data later in the day for clues on the pace of possible
U.S. interest rate hikes in 2017.
* Spot gold had eased 0.2 percent to $1,178.53 an
ounce by 0056 GMT. The metal on Thursday hit its highest since
Dec. 5 at $1,184.90.
* U.S. gold futures were also down 0.2 percent, at
$1,179 an ounce.
* Investors are focused on Friday's U.S. non-farm payrolls
report, with economists expecting job gains of 178,000 in
* U.S. services sector activity held at a one-year high in
December as new orders surged, while the number of Americans
filing for unemployment benefits fell near a 43-year-low last
week, suggesting the economy ended 2016 with strong momentum.
* A raft of data from China in coming weeks is expected to
show the world's second-largest economy carried solid momentum
into 2017, thanks to heavy government stimulus and a
construction boom that breathed new life into its ailing
* Euro zone producer prices rose for the third consecutive
month in November on a monthly basis, mostly driven by soaring
energy prices which offset subdued prices for consumer goods,
estimates released on Thursday by Eurostat showed.
* SPDR Gold Trust, the world's largest gold-backed
exchange-traded fund, said its holdings fell 0.03 percent to
813.59 tonnes on Thursday from Wednesday.
* The U.S. dollar wobbled near three-week lows and U.S.
bonds were bought back on Friday as investors wound back 'Trump
trade', helping to lift the world's stocks to 1-1/2 year highs.
* Oil prices were little changed on Friday after gaining
nearly 1 percent the day before on news that Saudi Arabia had
cut production to meet OPEC's agreement to reduce output.
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DATA AHEAD (GMT)
1000 Euro Zone Retail Sales Nov
1000 Euro Zone Business Climate Dec
1330 U.S. Non-Farm Payrolls Dec
1330 U.S. Unemployment Rate Dec
1330 U.S. International Trade Nov
1500 U.S. Durable Goods Nov
1530 U.S. ECRI Weekly Index
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Joseph