Bengaluru — Gold prices on Friday held near three-and-a-half-month highs hit the session before to remain on track for their fourth-straight weekly gain, with attention turning to US payroll data due later on Friday. Spot gold was down 0.1% at $1,321.86 an ounce at 3.36am GMT. US gold futures were up 0.1% at $1,323 an ounce. Spot gold marked its highest level since September 15 at $1,325.86 on Thursday on a weaker dollar. It has risen 1.5% so far this week. Weighed down by the greenback’s weakness against the euro, the dollar index against a basket of six major currencies was poised for a loss of 0.3% this week, during which it probed a three-month low of 91.751. "There are some new long-positions after gold crossed $1,300 and they are trying to push prices up ….. We can see people buying at corrections," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong. "The dollar will be the key to gold’s moves going forward …. Markets are waiting for more clues on the pace...
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