June 4 (Reuters) - Gold prices languished near two-week lows
on Friday and looked set for their worst week in three months
after robust U.S. economic data boosted the dollar and bond
yields, ahead of much awaited May non-farm payroll numbers.
* Spot gold was down 0.1% at $1,869.56 per ounce, as
of 0038 GMT, after hitting its lowest since May 20 in the
previous session. Prices have fallen 1.7% so far this week.
* U.S. gold futures eased 0.1% at $1,872.10 per
* The dollar index rose to a three-week high against
its rivals, making gold more expensive for holders of other
* The benchmark 10-year yield rose to 1.63%,
increasing the opportunity cost of holding non-interest bearing
* The number of Americans filing new claims for unemployment
benefits dropped below 400,000 last week, while U.S. private
employers stepped up hiring in May, spurred by robust demand
amid a rapidly reopening economy.
* Meanwhile, a measure of U.S. services industry activity
increased to a record high in May.
* Focus now turns to U.S. jobs data later on Friday for
further cues on economic recovery and near-term Federal Reserve
* U.S. stocks ended lower on Thursday, as investors balanced
concerns about inflation and the Federal Reserve reining in
stimulus with relief about corporate tax hikes.
* Japan's household spending soared in April, official
figures showed on Friday.
* U.S. President Joe Biden offered to scrap his proposed
corporate tax hike to win Republican backing of infrastructure
* Silver fell 0.2% to $27.39 per ounce, palladium
dipped 0.2% to $2,832.33, and platinum slipped
0.4% to $1,152.21.
1230 US Non-Farm Payrolls May
1230 US Unemployment Rate May
1230 US Average Earnings YY May
1400 US Factory Orders MM April
(Reporting by Brijesh Patel in Bengaluru; Editing by