Gold Prices Steady Ahead of Jobs Reports

Gold prices were steady in early Asian trade on Friday, after rising about 1.5% in the previous session, while the U.S. dollar inched up ahead of the payrolls data in the U.S. and Canada due later in the day.

Spot gold was steady at $1,232.72 U.S. per ounce. Prices climbed to their highest since Oct. 26 at $1,237.39 per ounce on Thursday after falling for three days in a row.

U.S. gold futures were down 0.4% at $1,233.80 U.S. per ounce.

According to a survey of economists, non-farm payrolls in the United States probably rebounded by 190,000 jobs in October after Florence depressed restaurant and retail payrolls in September.

U.S. President Donald Trump and Chinese President Xi Jinping both expressed optimism on Thursday about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentina.

Trump increased economic pressure on Venezuela's leftist President Nicolas Maduro on Thursday with new sanctions aimed at disrupting the South American country's gold exports.

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