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Gold flattens, erasing earlier gains

Gold prices showed little change on Friday, giving up gains that came after a soft jobs report that sent investors toward safety plays.

At last check, gold for December delivery was up 40 cents, or less than 0.1%, to $1,266.90 U.S. an ounce, while December silver was flat at $19.14 U.S. an ounce.

The U.S. economy created just 142,000 jobs in August, while economists had expected an increase of 228,000

Gold has been rangebound through much of the week, hovering around an 11-week low even as traders grapple with mixed news on the geopolitical front. December gold is on pace for a weekly drop of 1.6%

Elsewhere in metals trading, December palladium was flat at $891 U.S. an ounce, while October platinum gained $2.80, or 0.2%, to $1,411.10 U.S. an ounce. High-grade copper for December delivery was basically unchanged at $3.15 U.S. a pound.