Gold prices turned positive Friday after U.S. jobs data for October produced worse-than-expected numbers.
Spot gold edged up 0.1% to $1,277.42 U.S. per ounce early Friday morning and was on track for its first weekly gain in three. The shiny yellow metal hit its highest in about two weeks, at $1,284.10 U.S., in the previous session.
Gold prices were down prior to the news that the U.S. economy added 261,000 jobs in October, below the 310,000 jobs expected.
U.S. gold for December delivery rose to the breakeven point at $1,278.10 U.S.
The dollar held steady versus a basket of currencies on Friday, as focus shifted to U.S. jobs data, with President Donald Trump's nomination of Federal Reserve Governor Jerome Powell to be the next Fed chair coming as no surprise.
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