Gold fell as much as 1.2 % on Friday, as the dollar rose after U.S. data showed employment increased more than expected in July, raising the probability of an interest rate hike from the Federal Reserve this year.

Nonfarm payrolls increased by 255,000 jobs last month as hiring rose broadly after an upwardly revised 292,000 surge in June, the Labor Department said on Friday.

Spot gold, steadier initially, fell to one-week low of $1,344.85 an ounce and was down 1.1 % at $1,345.51 by 1326 GMT.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.37 % to 973.21 tonnes on Thursday.

Among other precious metals, spot palladium was down 0.6 percent at $699.40 an ounce. The metal, used in autocatalysts and as an investment, was heading for its first weekly loss after six weeks of gains. 

Physical gold sales remained sluggish in Asia this week, but appetite is expected to pick up with festive seasons approaching in top markets India and China. 

 Economists polled by Reuters had forecast payrolls increasing 180,000 in July and the unemployment rate dipping one-tenth of a percentage point to 4.8%.

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