Gold headed for weekly gains
The ADP reading was stronger than expected
NFP data is awaited
Gold traded steady on Friday after retreating further from a 6-month high ahead of the release of US NFP jobs data.
Looking at the trading of the Asian session, spot gold traded slightly higher around the price of $1,840 per ounce, while gold futures traded at $1,844 per ounce.
Earlier in the session, the yellow metal slipped as low as $1,825 after being hit by a stronger US ADP jobs data reading and jobless claims falling to a 3-month low.
The two data indirectly increase the hope for investors to see a better reading in the NFP report that will be released in the New York session.
However, the market's initial expectation of seeing an increase in NFP employment slightly weakened with a record of 200,000 which is down from the previous 263,000.
Despite the decline, the precious metal still maintained weekly gains of around 0.9% (at the time of writing) to end the week's trading on a positive note.
