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Gold prices inched down to the lowest level in five weeks on Thursday, pressured by an uptick in the dollar ahead of U.S. non-farm payrolls data on Friday. Spot gold was barely changed at $1,207.38 per ounce at 0325 GMT after touching $1,205.50, the lowest since Feb.1, earlier in the session. U.S. gold futures eased 0.2 percent to $1,207.00. Investors are awaiting February non-farm payrolls data on Friday as a barometer of the U.S. economy after Federal Reserve Chair Janet Yellen said last week the central bank was poised to lift rates provided jobs and inflation data held up. Her comments were seen as cementing plans for an increase at the Fed's March 14-15 meeting. "If the (nonfarm payroll) data does come in better than market expectations, it will drag gold prices further," said OCBC analyst Barnabas Gan.
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