Precious metals eases before U.S. payrolls data, ETF holdings drop

Reuters reports that gold dropped on Friday before the release of U.S. non-farm payrolls which could underpin the dollar and weigh on bullion.

The market news is quoted as saying,

“I am still positive about gold, but I think it will take time to consolidate. But there’s not much going on, especially on the physical side and we are also waiting for the non-farm figure tonight,” said Dick Poon, manager of precious metals at Heraeus in Hong Kong.