Gold was little changed early Friday, but remained set for the biggest weekly gain in nearly two months after rising to a two-week high in the previous session.  

                    FUNDAMENTALS
* Spot gold was steady at $1,337.60 an ounce by 0109 GMT, on track for a 2 percent rise this week, its biggest gain since late July.
* U.S. gold futures were down 0.3 % at $1,341.20 an ounce.

* Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.69 % to 950.92 tonnes on Thursday.

* A Ugandan company backed by a Belgian investor is due to open the East African country's first gold refinery by the end of this year to process raw gold produced mainly from the region, a senior company official told Reuters.

* Morocco's biggest mining company Managem posted a 63 % drop in first-half net profit to 52 million dirhams ($5.35 million) on Thursday, citing weak global commodities prices.

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