Gold down 1.9, silver loses over 6 this week
U.S. dollar on track to snap three straight weeks of losses
U.S. nonfarm payrolls data due at 1330 GMT

Dec 8 Reuters Gold was on track for its first weekly fall in four weeks after the dollar firmed, although prices held steady on Friday as markets looked ahead to key U.S. jobs data to gauge the chance of a rate cut by the Federal Reserve as early as March.

Spot gold edged 0.1 higher to 2,030.32 per ounce by 0750 GMT. Bullion, however, has fallen nearly 2 for the week so far. U.S. gold futures were steady at 2,047.10.

Bullion scaled an alltime peak of 2,135.40 on Monday on elevated bets for a rate cut by the Fed, before dropping more than 100 on uncertainty over the cut39;s timing.

The dollar index was on track to snap a threeweek losing streak, making greenbackpriced gold more expensive for other currency holders.

Gold remains wellsupported above 2,006 per ounce level, but a strongerthanexpected payrolls data could put this support level in jeopardy, said Kelvin Wong, senior market analyst for Asia Pacific at OANDA.

Data this week suggested that the U.S. labor market was gradually losing momentum as higher borrowing costs curb demand in the broader economy.

The U.S. nonfarm payrolls report for November is due at 1330 GMT, which should show that employers added 180,000 jobs last month.

Markets are pricing in a 60 chance of a U.S. rate cut as soon as March, CME39;s FedWatch Tool showed, but a Reuters poll saw rates…