Gold eased on Friday as the dollar firmed ahead of U.S. jobs data, but looked set for a weekly gain of nearly 2 percent, while investor appetite for the safe-haven asset stayed intact over signs of a close-run U.S. presidential election.

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The dollar index inched up about 0.1 % to 97.222, but remained captive to uncertainty around the election race.

"We are seeing good buying because of the uncertainty ahead of the U.S. election as people feel that gold is definitely going to go up," said Brian Lan, managing director at Singapore-based gold dealer GoldSilver Central.

             Spot gold was down 0.5 percent at $1,296.61 an ounce by 0708 GMT, while U.S. gold futures fell 0.4 % to $1,298.00 per ounce.

  Spot gold may revisit its Nov. 3 low of $1,285.01 per ounce, as its correction from the Nov. 2 high of $1,287 has not completed, according to Reuters technical analyst Wang Tao.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.47 percent to 949.69 tonnes on Thursday.