PRECIOUS-Gold inches higher on lacklustre dollar ahead of U.S. jobs data

 PRECIOUS-Gold inches higher on lacklustre dollar ahead of U.S. jobs data

* Holdings in SPDR Gold ETF fall 0.2% on Tuesday

* ADP payrolls data due at 1215 GMT (Adds comments, details, updates prices)

Aug 4 (Reuters) – Gold prices edged higher on Wednesday, helped by a subdued dollar, but the precious metal bobbled in a narrow range as investors awaited signals from U.S. jobs data on the labour market recovery.

Spot gold rose 0.2% to $1,814.27 per ounce by 0303 GMT, while U.S. gold futures were 0.1% higher at $1,816.00.

“Gold, like the currency markets, appears to be in wait-and-see mode,” said Jeffrey Halley, senior market analyst for Asia Pacific at OANDA.

“Gold’s price action remains consolidative but structurally positive and I believe that points to further gains ahead. The converging 100- and 200-day moving averages suggest a breakout is coming and I believe Friday’s U.S. data will be a catalyst.”

The National Employment Report by payrolls processing firm ADP due later in the day could set the…

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