India, May 3 -- Gold was little changed on Friday and headed for its first back-to-back weekly loss in more than two months amid easing tensions in the Middle East and fears of high-for-longer U.S. interest rates.
Spot gold slipped 0.1 percent to $2,301.65 per ounce while U.S. gold futures were marginally higher at $2,310.25.
The dollar traded weak while the yen was headed for its biggest weekly gain in 16 months after suspected intervention by Japanese authorities to pull the currency away from 34-year lows.
After the U.S. Federal Reserve flagged inflation concerns and signaled delayed rate cuts, investors now await the all-important nonfarm payrolls report later in the day for a clearer outlook on the labor market and the interest rate...