A worker polishes gold bullion bars in Australia. — AFP
GOLD prices were poised for a second straight weekly decline, although bullion held nearly steady on Friday as investors remained cautious ahead of the U.S. non-farm payrolls data that could provide cues on the Federal Reserve's rate cut timeline.
Spot gold held its ground at $2,299.49 per ounce, as of 0702 GMT, but has lost more than 1% this week. Prices have fallen more than $130 after hitting a record high of $2,431.29 in April.
