* Gold gains about 19% so far this year
* Silver on track to post 5th straight weekly gain (Recasts, adds comments, updates prices)
Sept 6 (Reuters) - Gold turned positive on Friday, after falling as much as 1% earlier, as a weaker-than-expected U.S. nonfarm payrolls report weighed on the dollar and increased appetite for safe-haven bullion, putting it on course for a weekly gain.
Spot gold was up 0.1% to $1,519.96 per ounce at 10:28 a.m. EDT (1428 GMT), while U.S. gold futures gained 0.2% to $1,528.30.
The U.S. Labor Department's monthly employment report showed job growth slowed more than expected in August, with retail hiring declining for a seventh month.
The dollar also dipped following the payrolls data, making gold cheaper for investors holding other currencies.
"Today's jobs number missed expectations, causing gold to bounce higher. It just lends more credence to the fact that the job numbers are getting a little softer and it supports another rate cut by the U.S. Federal Reserve," said Bob Haberkorn, senior market strategist at RJO Futures.
Federal fund futures implied that traders saw a 96% chance for a 25 basis-point rate cut from a current rate of 2.00-2.25% by the U.S. central bank this month.
Uncertainties around U.S.-China trade ties, fears of a deceleration in global economic growth and negative Treasury yields around the world were further supporting bullion, analysts said.
However, a planned resumption of trade talks between Washington and Beijing, and robust U.S. economic data on Thursday did re-ignite some appetite for riskier assets, pushing gold down more than 2% in the previous session.
"One move lower like what we saw on Thursday is not going to change the overall trend and what central banks are doing with interest rates, which over time is going to push gold higher," Haberkorn said.
Bullion has risen about 19% so far this year.
On the technical front, "strong support remains at the $1,470 to $1,500 range, but it seems gold will settle comfortably above $1,500 for the week," OANDA's senior market analyst Edward Moya said in a note.
Other precious metals also pared losses with silver turning positive after falling over 3% earlier in the session, following Thursday's 4.8% slump.
Silver was up 0.1% to $18.65 an ounce and was headed for its fifth straight weekly gain.
Platinum fell 0.1%, to $957.04, having shed about 3% earlier in the session, while palladium fell 0.7% to $1,548.50. (Reporting by Asha Sistla and K. Sathya Narayanan in Bengaluru; Editing by Andrea Ricci)