Gold Steady, Heads For Third Weekly Fall

Gold held steady on Friday above a five-week low touched earlier this week, supported by technical's, but the metal was still on track for a third weekly fall.

FUNDAMENTALS

* Spot gold was nearly unchanged at $1,250.70 per ounce at 0053 GMT. It was set for a small weekly fall of about 0.3 percent, having eased about 1 percent in each of two preceding weeks.

* U.S. gold futures for August delivery gained 0.2 percent to $1,251.9 per ounce.

* The dollar was little changed against a basket of currencies on Thursday as low U.S. bond yields offset in-line data on domestic jobless claims and home prices, keeping it close to the one-month peak it reached earlier this week.

* Sibanye Gold's Cooke mine in South Africa will remain closed until Monday, it said on Thursday.

* North Korea has carried out another test of a rocket engine that the United States believes could be part of its programme to develop an intercontinental ballistic missile, a U.S. official told Reuters on Thursday.

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