Gold prices hit a fresh one-year high early on Friday as the dollar sagged on the back of weaker-than-expected U.S. jobs data and the euro firmed.

Fundamentals

* Spot gold nudged up to $1,350.46 per ounce, its highest since September 2016, and was little changed at $1,349.43 at 0056 GMT.

* U.S. gold futures for December delivery were up 0.3 percent at $1,354.40.

* The euro hovered below a 2-1/2-year high versus the dollar on Friday, with the U.S. currency losing traction after a policy meeting by the European Central Bank did little to support the beleaguered greenback.

* The ECB lowered some of its inflation projections to reflect a firming euro but lifted some growth forecasts after the euro zone economy registered its best growth run in a decade.

* The euro zone economy grew at a robust pace in the three months to June, driven mostly by higher domestic demand and investment, official data released on Thursday confirmed.

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