Gold prices ended positive as weak U. S. jobs data undermined confidence in the dollar, sending investors searching for safe-haven assets. Gold prices had languished in recent weeks as a stream of upbeat economic data boosted the dollar and raised investor expectations for strong November jobs data.

The number of U. S. workers filing new claims for jobless benefits has mostly declined throughout November, according to the Labor Department's weekly reports. Meanwhile, escalating sovereign-debt problems in Europe had prompted investor funds to bypass gold in favor of the U. S. dollar, which is also considered a safe-harbor asset in times of global economic uncertainty.

Now support for the gold MCX is seen at 20609 and below could see a test of 20419. Resistance is now likely to be seen at 20906, a move above could see prices testing 21013. Trading Ideas: Gold trading range is 20419-21013. Gold prices ended positive as weak U. S. jobs data undermined confidence in dollar Gold looks to take support at 20720 and resistance at 20900. Spdr gold trust holdings fell by 0.42 tonnes to 1298.03 tonnes