Gold fell 1% on Thursday as stronger-than-expected U.S. payroll data cemented expectations that the Federal Reserve is unlikely to cut interest rates as early as previously anticipated, denting the metal's appeal.

Gold futures finished with a gain for the week but ended down on Friday after the June jobs report showed more jobs added than expected by economists. Stock market indexes and the U.S. dollar rose after non-farm payrolls increased by a larger than forecast 147,