Shafaq NewsGold fell on Friday as commodity indexreadjustments and a firm dollar kept the pressure on prices, with investorspositioning ahead of crucial U.S. non-farm payrolls data due later in the day.Spot gold edged 0.2% lower to $4,469.03per ounce as of 0536 GMT, though it was set for a more than 3% weekly gain.Bullion hit a record high of $4,549.71 on December 26.U.S. gold futures for February deliveryfirmed 0.4% to $4,477.70."Gold prices, for the last threedays, have traded off on some profit-taking, but indeed a key driver at themoment is U.S. dollar strength in advance of NFP data," said independentanalyst Ross Norman.The U.S. dollar advanced to a nearone-month high, as traders braced for a U.S. Supreme Court decision onPresident Donald Trump's use of emergency tariff powers. A stronger dollarmakes greenback-priced bullion more expensive for other currency holders.On non-farm payrolls, economists expectmodest job growth of 60,000 and a slight drop in the unemployment rate to 4.5%from 4.6%.Prices are expected to be under pressureover the next few days as the annual Bloomberg Commodity Index rebalancing - aperiodic adjustment of commodity weightings to keep the index aligned withmarket conditions - begins this week."Several indexes are reweighting theamount of precious metals and gold in them at the beginning of the year. So, tosome extent, there's a bit of weakness on index rebalancing, but fundamentallyI think that things remain quite positive," Norman added.Gold prices could rise to $5,000 an ouncein the first half of 2026 on rising geopolitical risks and debt, HSBC said.Non-yielding assets tend to do well in alow-interest-rate environment and during economic uncertainties.Spot silver lost 0.1% to $76.83 per ounceafter hitting an all-time high of $83.62 on December 29. The white metal was ontrack to log a more than 6% weekly rise.Spot platinum shed 0.8% to $2,250.30 perounce after scaling a record of $2,478.50 last Monday. Palladium was steady at$1,785.25 per ounce. Both metals were set for weekly gains as well.(Reuters)Only the headline is edited by ShafaqNews.