Gold prices edge up ahead of U.S. jobs data, set for 7th weekly gain

From uk.reuters.com

Gold prices inched up on Friday and were heading for their seventh consecutive weekly gain, with investors waiting for U.S. non-farm payrolls data later in the day for clues on the outlook for interest rate cuts. FUNDAMENTALS * Spot gold was up 0.2% at $1,417.40 per ounce as of 0119 GMT. Prices touched $1,435.99 on Wednesday, the highest since June 25. * The metal has risen 0.7% so far this week and is on track for its seventh consecutive weekly rise. * U.S. gold futures were down 0.1% at $1,419.90 an ounce. * All eyes are on U.S. non-farm payrolls, due later in the day, which are expected to have jumped by 160,000 ... (full story)