Gold falls ahead of relevant US jobs data

Gold fell to around $4,460 per ounce on Thursday, giving back some gains from the previous session as the US dollar strengthened ahead of key US jobs data.

Investors are anticipating stronger nonfarm payrolls in December, while unemployment is expected to remain steady.

The latest report could influence monetary policy expectations for this year, with markets currently pricing in two reductions.

Meanwhile, the metal is still heading for a weekly gain of about 3%, supported by escalating geopolitical risks that have bolstered safe-haven demand.

US President Trump warned of a strong response to potential Iranian violence against protesters, a statement that followed recent US actions in Venezuela and subsequent threats to seize control of Greenland using military force.

Elsewhere, bullion received support from continued central-bank purchases, with China extending its gold-buying streak for a 14th month.