Gold hovers near $1,580;
Gold hovered around $1,580 an ounce on Friday, ahead of the release of a key US job market report, after recent upbeat data boosted confidence in the economy and turned many investors away from the safe-haven metal.
Gold rose on Friday and hovered above $930 per ounce, with investors keeping an eye on the dollar, which rose the previous day when bleak US jobs data enhanced the dollar's safe-haven appeal and hurt bullion.