Gold prices steady ahead of US jobs data

Gold prices held steady below a one-week high on Friday, heading for a weekly gain as traders await US jobs data that could be the key driver of the expected rate cut this month.

Spot gold was little changed at $2,516.00 an ounce after hitting a one-week high of $2,523.29 in the previous session.

Gold has risen 0.5% for the week and 22% year-to-date.

US gold futures rose 0.1% to $2,545.70.

In other precious metals, spot silver fell 0.2% to $28.75 an ounce, while platinum rose 0.4% to $928.23 and palladium fell 0.1% to $940.11.