Investing.com - Gold slipped lower in European morning hours on Friday, as the U.S. dollar regained some strength ahead of the highly-anticipated U.S. nonfarm payrolls report due later in the day, but the precious metal still remained within close distance of a three-month peak.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.21% at $1,155.10.
The April contract ended Thursday's session 1.42% higher at $1,157.50 an ounce.
Futures were likely to find support at $1,141.00, Thursday’s low and resistance at $1,157.40, the session high.
Gold prices remained close to three-month highs since New York Federal Reserve President William Dudley said on Wednesday that the weakening outlook for the global economy and any further strengthening of the dollar could have "significant consequences" for the health of the U.S. economy.
Investors were looking ahead to the U.S. nonfarm payrolls report for January, due later Friday, for fresh indications on the strength of the labor market.
Data on Thursday showed that initial jobless claims rose by a larger-than-forecast 8,000 to 285,000 last week, but remained in territory usually associated with a firming labor market.
Elsewhere in metals trading, silver futures for March delivery were little changed at $14.855 a troy ounce, while copper futures for March delivery slid 0.38% to $2.113 a pound.