Gold rose for a second session on Thursday, supported by uncertainty in Greece that has cut investor interest in risky assets and China’s efforts to spur its slowing economy.
But bullion was largely trading in a narrow range ahead of Friday’s U.S. employment data that may provide more clues on when U.S. interest rates would rise this year, the first hike in nearly a decade.
Spot gold was up 0.2 percent at $1,271.81 an ounce by 0633 GMT, adding to a 0.8 percent gain on Wednesday.
U.S. gold for April delivery rose 0.6 percent to $1,272.60 an ounce.
But investors were more focused on the next U.S. nonfarm payrolls data. A Reuters poll of analysts had forecast a 230,000 increase in U.S. jobs in January, slowing slightly from 252,000 in December but still robust.
“The entire notion right now is for the U.S. to continue improving at least from the labour front,” said Barnabas Gan, analyst at OCBC Bank.
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