Gold, set to fall a third consecutive week, was able to recover from early market losses to 4 ½ year lows at USD1,131.70 in the wake of U.S. non-farm payrolls and a stronger U.S. dollar. If payrolls fail to fuel optimism in the world's largest economy a rally could be triggered after the losses earlier this week. Gold has been bearish for the whole week after breaking the important support at USD1,180.00 last Friday.

GOLD recovered from new low at USD1,131.70 currently trading at USD1,144.70