Gold worst week in seven ahead

Gold stabilizes on Friday ahead of critical US employment data, but was set to post its largest weekly loss in almost two months after steep profit gains at the start of the year. A powerful US jobs number for January would nourish expectations for the Federal Reserve to trek interest rates by mid year, diminishing the appeal of non-interest yielding benefit such as gold. But feeble data could buoy bullion prices. "A significantly lower job creation could support gold if it results in changes in the timing of Fed rate hike expectations.