Gold edged down towards $1,700 an ounce on Friday, after a fall through an important support level triggered some stop-loss selling as investors anxiously await a key U.S. labour market report.
Short-term technical analysis also painted a gloomy picture. Spot gold could fall to the October 24 low of $1,698.39 an ounce as a rebound from this level is complete, As per market analyst.
