Gold Set For Best Week Since August, U.S. Jobs Data Eyed

Gold prices edged higher on Friday and were on track for their best week in 15, as the dollar weakened on renewed speculation of an imminent pause in the U.S. Federal Reserve's tightening cycle.

Markets now await U.S. nonfarm payrolls data, expected at 0830 ET (1330 GMT), for clues about the health of the world's biggest economy which could influence monetary policy. Non-farm payrolls for November are expected to fall by 200,000 jobs.

U.S. unemployment and wage data are also expected on Friday.

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