Gold pared its losses to around $4,060 an ounce on Friday, but remained on track for a weekly decline as markets absorbed stronger U.S. jobs data, dovish central bank signals, and falling U.S. bond yields.
A delayed Labor Department report showed nonfarm payrolls rose by 119,000 jobs in September and the unemployment rate climbed to 4.4%, initially reducing the likelihood of an immediate interest rate cut by the Federal Reserve and pushing the dollar higher.