Gold edges down on firm dollar as investors await key jobs data

Gold prices dipped on Thursday, pressured by a firm dollar as investors geared up for a key jobs report later this week that could provide more hints on US monetary policy moves and while they assess the US pressure on Venezuela. Spot gold lost 0.3% to $4,440.67 per ounce as of 0344 GMT, dipping from an over one-week high hit in the last session. US gold futures for February delivery also fell 0.3% to $4,449.60. “Traders are weighing heightened geopolitical tensions, including US intervention in Venezuela and the prospect of a Greenland flashpoint under Trump’s so-called ‘Donroe Doctrine’ against macroeconomic signals from the United States,” said Bernard Sin, regional director- Greater China, MKS PAMP.