Today Gold steadied ahead of crucial U.S. employment data, but as it ready to showed its biggest weekly loss in almost two months after steep gains at the start of the year. A importantly lower job creation could support gold if it results in change of fed rates hike expectations. Well gold gained 8.4 percent in January, it's biggest monthly rise in last three years, helped by a slowdown in U.S. fourth quarter economic growth. But market expectations are still strong for U.S. jobs creation in Jan, and data would be the game changer. Where as the gold market was also keeping an eye on Greece where uncertainty increased this week has also supported the prices. Elsewhere SPDR Gold Trust, the world's largest gold backed exchange traded fund, raised up to 24.86 million ounces at last day, the highest since September. China's gold consumption fell down by 24.7 to 886 tonnes.
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