Gold posts best week since January ahead of US payrolls

Gold steadied Friday, heading for its biggest weekly gain since January, as investors awaited U.S. payrolls data for clues on interest rates. Spot gold, supported by falling oil prices, was up 4.8% for the week at $4,235.57. The July U.S. employment report is due later, with traders pricing a 55% chance of a September rate hike. The Fed kept rates at 3.5%-3.75% on July 29. St. Louis Fed President Alberto Musalem said the central bank should have raised rates last week. Trump said the war with Iran would end soon. Unemployment claims rose, though layoffs fell to a two-year low.