Gold snapped an eight-session losing streak early on Friday, edging up from four-month lows on bargain hunting, but was headed for its worst weekly dip in nearly a year on increased expectations of a U.S. rate rise by year end.

              FUNDAMENTALS
* Spot gold <XAU=> was up 0.2 percent at $1,256.36 an ounce by 0106 GMT, after falling for eight straight sessions. The yellow metal touched a four-month low of $1,249.68 in the prior session.

* Bullion was on track for its second weekly loss of nearly 5 percent, its weakest since November 2015.

* U.S. gold futures <GCcv1> rose 0.5 percent to $1,258.90 an ounce.
 

* Gold prices could pull back to as low as $1,200 an ounce after breaking out of their 2016 uptrend this week, according to analysts who study past price patterns to determine future direction.

* Goldman Sachs said reaction of gold prices has been larger than anticipated, leaving risks surrounding its year end forecast of $1,280 per ounce as moderately skewed to the downside.

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