Gold steadied on Friday ahead of crucial US employment data, but was set to post its biggest weekly loss in almost two months after steep gains at the start of the year.
Spot gold was nearly flat at $1,264.55 an ounce by 0149 GMT. The metal has lost 1.4 per cent so far this week, which would be its largest fall since the week ended December 19.
Gold gained 8.4 per cent in January, its biggest monthly rise in three years, helped by a sharp slowdown in US fourth-quarter economic growth.
US gold for April delivery edged up 0.2 per cent to $1,265.20 an ounce.
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