Gold at 1227 as U.S. Jobs Report Looms

Gold steadied on Friday after choppy trading in the previous session, though was still headed for a weekly decline as improving U.S. economic data raised fears of an early end to monetary stimulus.

Markets are now awaiting nonfarm payroll data that is set to be released later on Friday and could provide more clues on the timing of stimulus tapering.

Spot gold was up 0.2 percent to $1,226.50 an ounce by 0021 GMT. The metal had fallen as much as 2 percent on Thursday to near its five-month low before paring some losses.


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