PRECIOUS-Gold set for worst week in more than 2 months; US jobs data eyed

May 2 (Reuters) - Gold prices were poised for their worst weekly performance in more than two months on Friday as receding trade tensions tempered safe-haven demand, while the market's focus shifted to the U.S. non-farm payrolls report, due later in the day.

FUNDAMENTALS

Spot gold XAU= was steady at $3,240.34 an ounce as of 0020 GMT.

Gold has lost more than 2% so far this week, the steepest weekly fall since late February.

U.S. gold futures GCcv1 rose 0.8% to $3,248.80.

The United States has approached China seeking talks over President Donald Trump's 145% tariffs, a social media account affiliated with Chinese state media said, potentially signalling Beijing's openness to negotiations.

Meanwhile, Trump ousted his national security adviser Mike Waltz and named Secretary of State Marco Rubio as his interim replacement in the first major shake-up of his inner circle since taking office in January.

Market now awaits U.S. non-farm payrolls report due later in the day for more cues into the Federal Reserve's policy path.

Non-farm payrolls likely increased by 130,000 jobs in April after rising by 228,000 in March, a Reuters survey showed. The unemployment rate is estimated to remain unchanged at 4.2%.

Chinese markets are closed for the Labour Day holiday from May 1-5 and will resume trade on Tuesday, May 6.

Spot silver XAG= rose 0.2% to $32.47 an ounce, platinum XPT= firmed 0.8% to $966.08 and palladium XPD= gained 0.3% to $943.50.

DATA/EVENTS (GMT)

0750 France HCOB Manufacturing PMI Apr

0755 Germany HCOB Mfg PMI Apr

0800 EU HCOB Mfg Final PMI Apr

0900 EU HICP Flash YY, HICP-X F,E,A&T Flash YY, HICP-X F, E, A, T Flash MM Apr

0900 EU Unemployment Rate Mar

1230 US Non-Farm Payrolls, Unemployment Rate, Average Earnings YY Apr

1400 US Factory Orders MM Mar