PRECIOUS-Gold stays in the middle of Fed rate cuts; Data on US jobs at a glance

                June 7 (Reuters) - Gold prices stabilized on Friday, ahead of
a report on jobs in the United States later in the day, while a poisoned trade war
and hopes for a Fed interest rate cut boosted the demand for
ingots of safe haven.

FUNDAMENTALS
* Spot gold was down 0.1% at $ 1,333.29 per ounce,
from 0122 GMT.
* Gold futures in the US are down 0.4% to $ 1,337.70
ounce.
* Mexican and US officials held a second day of talks
on trade and migration Thursday among the reports of the US president
Donald Trump could delay the imposition of duties that was due
Monday.
* However, the White House said that she was standing firm on her
position that Mexico needs to take further important measures to
stop the influx of migrants from Central America by Monday, or cope with
tariffs on its exports to the United States.
* US Vice President Mike Pence said he was encouraged
Mexican officials willing to do more to reduce migration
flow to the United States but it was up to President Trump to
decide if they have gone far enough to avoid the threatened tariffs.

* On Thursday, Trump said that he would decide if he was to take away
his threat to hit Beijing with tariffs of at least $ 300
billion Chinese products after a meeting of the leaders of the
largest economies in the world at the end of the month.
* The market is turning to the monthly jobs report for the United States for
indices on the trajectory of interest rates.
* Report of the non-agricultural payroll of the US Department of Labor
includes both public and private sector jobs, both of which are
should have declined in May, according to a Reuters poll of
economists.
* US Federal Reserve Chairman John Williams voiced his concerns
on escalating commercial rates and slowing global growth
stimulate uncertainty and curb business investment, but
he keeps an open mind about interest rates.

DATA AHEAD (GMT)

* 0730 RU Halifax House Price MM May
* 1230 United States non-farm payrolls may
* 1230 US Unemployment Rate May
* 1230 US average earnings YY May

(Report by Brijesh Patel in Bengaluru, edited by Sherry
Jacob Phillips)