Gold edges higher, while weekly losses still in sight on upcoming US data

Source: CNBC
© ScanPix/AFP
Bullion was hovering near a five-year low on Friday, on track to extend its losses for seventh consecutive week, gold's longest losing run since 1999. The yellow metal managed to recover above the level of $1,090, reaching the daily high of $1,096.8 by 07:05 AM GMT, but then it resumed the decline. Investors will focus their attention on the US jobs data, which could trigger the Fed to hike rates in September.  
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