Gold steadied near seven-month lows on Friday as the U.S. dollar and bond yields, which scaled fresh highs this week, took a breather and investors awaited U.S. non-farm payrolls data that could affect the interest rate outlook.
Spot gold was flat at $1,819.52 per ounce by 0736 GMT, and was on track to log a second consecutive weekly loss, shedding 1.6% so far. U.S. gold futures firmed 0.1% to $1,833.20.
Benchmark U.S. 10-year bond yields pulled back from a 16-year peak and the U.S. dollar was off November 2022 highs but remained on track for 12 straight weeks of gains.
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