Gold Steady Near Seven-Week Highs Ahead Of U.S. Jobs Data

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Gold on Friday held steady near seven-week highs hit earlier this week, as the dollar eased to hover near multi-month lows ahead of key monthly U.S. non-farm payrolls data later in the day.

Fundamentals

* Spot gold was nearly flat at $1,268.75 per ounce at 0106 GMT.

* U.S. gold futures for December delivery were mostly unchanged at $1,274.90 per ounce.

* The dollar index , which tracks the greenback against a basket of six major peers, languished near multi-month lows hit earlier this week.

* The Bank of England kept interest rates at a record low again on Thursday and cut its forecasts for growth and wages as it warned that Brexit was weighing on the economy.

* The U.S. economy is on track to expand at a 4.0 percent annualised pace in the third quarter with inventory investment contributing 1.12 percentage points to growth, the Atlanta Fed's GDP Now forecast model showed on Thursday.

* A gauge of world stocks declined as Wall Street dipped on Thursday, although European shares rallied, while sterling hit a nine-month low against the euro after the Bank of England's policymakers kept interest rates unchanged.

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