Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
* U.S. non-farm payrolls data due at 1230 GMT
* Gold about 1.2 pct down so far this week
* SPDR Gold holdings fall to lowest in nearly 7 months
* Platinum touches one-month low (Adds comments, updates prices)
May 3 (Reuters) - Gold was steady on Friday as the market awaited U.S. non-farm payrolls data, but the metal was headed for its biggest weekly decline since the end of March as the dollar gained after the U.S. central bank doused expectations of a near-term rate cut.
Spot gold was steady at $1,270.29 per ounce, as of 1010 GMT. In the previous session, the metal dropped to $1,265.85, its lowest since the end of December.
U.S. gold futures fell 0.1 percent to $1,271.30 an ounce.
Gold has fallen more than 10 percent in the last two sessions and is down over 1 percent this week after the U.S. Federal Reserve emphasised it saw no compelling reason to consider a rate cut any time soon.
"People expected the next move from the Fed to be a rate cut but it doesn't look like there would be a rate cut anytime soon and the risk of another hike on the table increased after his statement," Quantitative Commodity Research analyst Peter Fertig said.
"(Right now) people are holding back and are waiting for the U.S. non-farm payrolls data ... the dollar is heading higher which is negative for the precious metals complex."
Better-than-expected non-farm payrolls data would tend to boost the dollar, as it would reinforce the economy's strength, and weighs on gold, analysts said.
Economists polled by Reuters are expecting total non-farm employment to have increased by 185,000 jobs in April.
The dollar was up about 0.2 percent against key rivals and was on track to post its third straight session of gains.
Meanwhile, market participants are also keeping a close watch on U.S.-China trade talks anticipating a resolution to the year long tariff war between the world's two largest economies.
A trade deal would boost investors appetite for riskier assets and dent bullion's safe-haven appeal.
Reflecting investor sentiment towards bullion, holdings in the world's largest gold-backed exchange-traded fund (ETF), SPDR Gold Trust, fell about 0.2 percent to 745.52 tonnes on Thursday, its lowest since Oct. 12.
"The ETF holdings in gold continue to decline and in the last few week specs on COMEX switched from net long to net short as there is a risk on approach from investors," said ING analyst Warren Patterson.
Silver was down 0.2 percent at $14.60 per ounce, holding close to a more than four-month low of $14.52 touched in the previous session.
Platinum rose 0.6 percent to $853.08 an ounce, having touched a one-month low of $839 earlier in the session, while palladium gained 0.5 percent to $1,360.70 an ounce. (Reporting by K. Sathya Narayanan in Bengaluru; Editing by Mark Potter)