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Gold set for best week since August, U.S. jobs data eyed

Reuters  |  BENGALURU 

By Karthika Suresh NamboothiriBENGALURU (Reuters) - Gold prices edged higher on Friday and were on track for their best week in 15, as the dollar weakened on renewed speculation of an imminent pause in the U.S. Federal Reserve's tightening cycle.Markets now await U.S. nonfarm payrolls data, expected at 0830 ET (1330 GMT), for clues about the health of the world's biggest economy which could influence the Fed's monetary policy.U.S. unemployment and wage data are also expected on Friday."Gold investors will be looking towards the (U.S. nonfarm) payroll data for indications on the Fed's monetary ...

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First Published: Fri, December 07 2018. 17:46 IST