By Jan Harvey/Reuters
LONDON: (Reuters) Gold slipped on Thursday as U.S. jobs data supported the dollar, after rallying to its highest level since March 2014 a day earlier on the back of concerns about Britain's vote to leave the European Union.
Financial markets have been extremely volatile since Britain voted in a referendum on June 23 to leave the EU, knocking equities and pushing some bond yields to record lows. The moves have boosted the appeal of so-called safe-havens such as gold and silver.
Spot prices reached their highest level since March 2014 on Wednesday at $1,374.91 an ounce but have struggled to maintain those levels as stocks and the U.S. dollar rose.
Spot gold was at $1,354.91 an ounce at 1340 GMT, down 0.6 percent, while U.S. gold futures for August delivery were down $10.60 an ounce at $1,356.50.
Mitsubishi analyst Jonathan Butler said while the stronger dollar was a headwind for gold, it still looked set for further gains after rallying more than 10 percent since the Brexit vote.
"I think gold could make further gains towards $1,381, the 38.2 percent Fibonacci retracement of 2011 high to 2015 low, and above that the $1400 psychological level," he said.
Traders are awaiting further clues on the outlook for Federal Reserve policy from Friday's U.S. non-farm payrolls (NFP) data, seen as a barometer of the economy's health.