Gold futures surged Friday after weaker than expected U.S. payrolls came in softer than expected in July, boosting expectations for an interest rate cut by the Federal Reserve. U.S. job growth slowed more than expected last month,

Gold prices held steady on Friday, but is poised for a third consecutive weekly loss pressured by a stronger dollar and diminished expectations for U.S. rate cuts, while uncertainty from U.S. tariffs on trading partners offered support.