Gold up from 10-month lows, but heading for 4th weekly drop

Bengaluru

GOLD recovered from its lowest since early February on Friday as the US dollar drifted lower ahead of US jobs data, but the metal is still on track for a fourth consecutive weekly decline.

Spot gold was up 0.2 per cent at US$1,173.76 an ounce by 0248 GMT. The metal fell to its lowest since Feb 5 at US$1,160.38 in the previous session. For the week, gold was trading down 0.7 per cent. US gold futures gained 0.5 per cent at US$1,175.60 per ounce.