Gold eased on Friday as Wall Street gained on data pointing to a rebound in jobs growth in the United States, but bullion’s losses were limited by a simultaneous slowdown in wage growth.
Spot gold slipped 0.2 percent to $1,289.61 per ounce, after touching its lowest since Jan. 25 at $1,280.59 on Thursday. The metal was down about 0.1 percent so far for the week.
U.S. gold futures settled 1.3 percent higher at $1,295.60 an ounce.
U.S. employment growth accelerated from a 17-month low in March as milder weather boosted activity in sectors like construction, which could further allay fears of a sharp slowdown in economic growth in the first quarter, driving early gains on Wall Street.
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