Gold prices rose on Friday, as the US dollar fell against most of its rivals, ahead of the US non-farm jobs data, which provide cues on the chances of earlier policy tightening.

Gold prices rose 0.3% to $1,814.81 an ounce, after opening at $1,809.18, and hit a low of $1,808.92.

Gold closed lower by 0.2% yesterday, the first daily loss in 3 days, due to a slowdown in demand.

The dollar index fell 0.1% on Friday for the sixth straight session, marking month lows at 92.15, which in turn lifts demand for ?dollar-denominated commodities.

Dollar's decline comes as haven demand drops following disappointing private sector employment data for the US, hurting chances of an earlier rate hike. 

Now investors await a variety of important US data this week, including non-farm jobs report which would help determine the likely path of interest rates. 

At 12:30 GMT, the US economy will reveal August's non-farm jobs report, amid forecasts of 720K new jobs vs. 943K jobs in July, and the unemployment rate is expected to drop to 5.2% from 5.4%, and the average hourly earnings is expected to rise by 0.3% from 0.4%.

Gold stocks at the SPDR ETF fell 1.74 metric tonnes yesterday, with the total at the lowest level since April 9 2020 at 998.52 tonnes.

At 12:30 GMT, the US economy released the Non-Farm employment change reading for August, which showed the addition of 235K jobs, worse than forecasts of adding 720K new jobs, and worse than the previous reading of adding 1053K after it was revised from 943K. This data is negative for the US dollar.

At 12:30 GMT, the US economy released the average hourly earnings reading for August, which rose by 0.6%, better than forecasts of 0.3%, and better than the previous reading of 0.4%. This data is positive for the US economy.

At 12:30 GMT, the US economy released the unemployment rate for August at 5.2%, the best reading since March 2020, on par with forecasts, and better than the previous reading of 5.4%. This data is positive for the US dollar.