Gold hit its lowest in over a week earlier in the session
Undertone for gold will be bearish for couple of weeks analyst
Silver up over 2 for the week
Platinum, palladium head for second week of losses

Dec 6 Reuters Gold prices inched higher on Friday but were headed for a second straight week of decline, while market participants braced for U.S. payrolls data for cues on the Federal Reserve39;s interest rate trajectory.

Spot gold was up 0.3 to 2,639.86 per ounce by 0818 GMT, while U.S. gold futures added 0.5 to 2,661.80. Bullion is down about 0.5 so far this week.

The U.S. payrolls report is due at 1330 GMT. Markets see a 70.1 chance of a 25 basis points cut at the Fed39;s Dec. 1718 meeting, according to the CME Group39;s FedWatch Tool.

The gold market is trying to find direction, and if the NFP numbers don39;t come in as strong as the market is expecting, it will raise odds for a December cut and be positive for gold, said Soni Kumari, a commodity strategist at ANZ.

Fed Chair Jerome Powell on Wednesday said the U.S. economy was stronger than it had appeared in September, when the central bank began cutting rates, allowing policymakers to be more judicious with the future path of rate cuts.

Safehaven gold has gained more than 27 so far this year, after hitting several record highs throughout the year on the back of the Fed39;s rate easing and escalated geopolitical tensions.

For December, support is around 2,550 and resistance is at 2,700. Undertone will be…