Gold gains on soft US service sector data, focus on

jobs report

Gold prices rose for a fourth straight session on Friday as weak US service sector survey deepened concerns over economic growth and bolstered bets of further rate cuts by the Federal Reserve, with markets awaiting nonfarm payrolls data.

US gold futures were flat at $1,513.9 an ounce.

The dollar stepped back after a soft US service sector survey stoked worries that pressure from US trade disputes with China and other countries could spill over into the broader US economy and tip it into a recession.

Asian stocks edged higher on Friday, thanks to gains on Wall Street, but the mood was cautious before a key US job report that could help determine whether the Federal Reserve cuts interest rates further.

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