Dollar slips from twoweek high
Investor focus shifts to US nonfarm payroll on Friday
Spot gold may bounce into 2,0332,039oz range technicals

Dec 6 Reuters Gold prices rose on Wednesday as the dollar eased and weakerthanexpected U.S. jobs data cemented expectations that the Federal Reserve39;s policy tightening cycle has come to an end.

Spot gold rose 0.7 to 2,034.09 per ounce by 0817 GMT. U.S. gold futures rose 0.8 to 2,051.50.

Volatility in gold prices is likely to remain capped heading into Friday39;s U.S. nonfarm payrolls data, said Matt Simpson, senior analyst at City Index.

It might take a particularly weak set of numbers for gold to post strong gains from here as many bullish fingers were likely burned with gold39;s false break to a record high.

Bullion climbed to a record high of 2,135.40 on Monday on elevated bets for a Fed rate cut, before dropping more than 100 in the same session, due to uncertainty over the timing of the monetary policy easing.

Data on Tuesday showed U.S. job openings fell to a more than twoandahalfyear low in October, signalling that higher rates were dampening demand for workers.

The dollar index fell 0.1 against a basket of currencies after rising to a twoweek high on Tuesday, making gold less expensive for other currency holders.

Focus now shifts to the Friday release of the November U.S. nonfarm payrolls data that could provide more clues on the interest rate outlook ahead of the Fed39;s policy meeting next week.

Traders…