Gold Steady Near Five-Week Low Ahead Of U.S. Jobs Data

Gold prices held steady early on Thursday near a five-week low touched in the previous session, pressured by an uptick in the dollar ahead of U.S. non-farm payrolls data on Friday.

FUNDAMENTALS 

* Spot gold was flat at $1,207.46 per ounce at 0030 GMT. The metal hit its lowest since Feb. 1 at $1,206.05 in the previous session. 

* U.S. gold futures edged down $1.80 or 0.1 percent to $1,207.60. The dollar index was up 0.1 percent to 102.14. 

* Investors are awaiting February non-farm payrolls data on Friday as a barometer of the U.S. economy after Federal Reserve Chair Janet Yellen said last week the central bank was poised to lift rates provided jobs and inflation data held up. Her comments were seen as cementing plans for an increase at the Fed's March 14-15 meeting. 

 * The ADP National Employment Report showed its biggest increase in more than a year in February, suggesting the U.S. economy remains on solid ground.

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