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* Gold down about 0.9% so far this week
* Silver is on track to clinch its first weekly fall in five
* Palladium aims for fifth consecutive weekly win
* Non-farm payroll report at 12:30 GMT (Add comments, details, price updates)
September 6 (Reuters) – Gold fell 1% on Friday, bringing its second weekly decline, as robust economic data from the US and the expected resumption of trade talks between Washington and Beijing boosted appetite for riskier assets.
Spot gold was down 0.9%, to $ 1,504.86 at 9:57 pm GMT, after losing up to 1% earlier in the session, and it's far from the record high of $ 1,557 reached in six years on Wednesday.
It has dropped more than 2% Thursday and a 0.9% drop so far this week.
US gold futures slid 0.8% to $ 1,513.30.
"The good economic news from the United States and the resumption of trade negotiations fueled the feeling of risk and resulted in a decline in demand for gold and other assets" shelters, "said Sergey Raevskiy, analyst at SP Angel.
US data showing private sector employers 'payroll increased and service sector growth accelerated in August, increasing investors' appetite for riskier assets, already encouraged by encouraging signs of growth. trade negotiations between the United States and China.
Investors are now waiting for the monthly report on non-farm payrolls in the US, to be presented at 12:30 GMT, for more information on the country's economic health.
"The bulk (the movement of gold) will depend on the employment report and if the data is stronger, we could see prices fall below (at the $ 1,500 level)," he said. Raevskiy said, adding that people would buy down, with gold still being supported by the lack of "resolution" in the trade war and negative-yielding sovereign debt.
Analysts said the expectations of further easing of monetary policy around the world would provide additional support for bullion. The yellow metal has risen by about 18% so far this year.
Despite reassuring US economic signs, bond markets are still expecting the Federal Reserve to lower interest rates this month.
Falling interest rates and Treasury yields reduce the opportunity cost of holding non-performing bullion.
Other precious metals dipped with gold, with silver falling 2.8% to $ 18.10 an ounce, adding 4.8% to Thursday's decline. He was on the right track to post his first weekly fall out of five.
"We do not think this last correction is a reversal of the trend, but rather a course (gold and silver) that is winding down in a trend of otherwise intact rise, "said in a note to the analyst of Commerzbank Daniel Briesemann.
Platinum spot yielded 2.7% to $ 932.88 an ounce, but was on track to record its third weekly gain.
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