* Spot gold GOLD rose 0.1% to $1,971.79 per ounce by 0119 GMT. Bullion gained nearly 1% so far this week.
* U.S. gold futures GOLD gained 0.2% to $1,973.80.
* The metal slipped on Thursday from a two-month high as the dollar and bond yields climbed on stronger-than-expected U.S. labour market data.
* The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the lowest level in two months amid labour market tightness and defying efforts by the U.S. Fed to slow demand.
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