Gold prices eked out small gains on Friday, buoyed by a weaker dollar, with investors awaiting the US jobs data to gauge the Federal Reserve's plans to start tapering asset purchases.

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Spot gold rose 0.1 percent to USD 1,811.79 per ounce by 0115 GMT, but was headed for its first weekly decline in four.

US gold futures gained 0.2 percent to USD 1,814.80.

The dollar index USD fell to a one-month low, bolstering gold's appeal to those holding other currencies.

The number of Americans filing new claims for jobless benefits fell last week, while layoffs dropped to their lowest level in more than 24 years in August, suggesting the labour market was charging ahead even as new COVID-19 infections surge.

The Labor Department will release the non-farm payrolls report for August at 1230 GMT.

Solid jobs recovery is an important criteria for the US central bank to start paring pandemic-era stimulus measures.

Gold is considered a hedge against inflation which could result from massive economic stimulus measures.

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.2 percent to 998.52 tonne on Thursday, lowest level since April 2020.

Russia's international gold and foreign currency reserves rose to a record USD 615.6 billion after receiving a tranche from the International Monetary Fund, the central bank said.

Silver rose 0.2 percent to USD 23.92 per ounce, while platinum XPT inched 0.1 percent higher to USD 1,000.04. Palladium XPD climbed 0.3 percent to USD 2,408.18.