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Gold holds gains above $1,230 ahead of US jobs data

Gold held steady above USD 1,230 an ounce on Friday, after posting its biggest quarterly rise in nearly 30 years on waning expectations of US rate hikes, with investors waiting for US non-farm payrolls data for more cues.


* Spot gold was little changed at USD 1,232.10 an ounce by 0046 GMT, following a 0.6-percent increase overnight.

* Bullion is sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets, while boosting the dollar.

* Global manufacturing surveys due on Friday will also be in focus.

* India's gold demand in the March quarter is set to drop by about two-thirds from a year ago to its lowest in seven years, as higher prices and a strike by jewellers curbed sales in the world's second-biggest consumer.

Oil posts best quarter since mid-2015 but glut still worries

Oil prices jumped more than 10 percent in March in the best quarter since mid-2015 although some analysts said the rally could fade soon as an output freeze plan by major crude exporters fails to alleviate worries of a glut. A weak dollar and data showing a drawdown in crude stocks at the US futures delivery hub helped oil settle steady to firmer in Thursday's session.

Brent crude for May delivery, which expired as the front-month contract, settled up 34 cents, or 0.8 percent, at USD39.60 a barrel. June Brent closed 0.7 percent higher at USD40.33.

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