RTRS: PRECIOUS-Gold edges down as stocks rise; U.S. jobs data eyed
* Gold lifts from Thursday's two-week low
* March U.S. non-farm payrolls data awaited * Largest silver ETF records outflow (Updates throughout, changes dateline from TOKYO)
By Jan Harvey
LONDON, April 3 (Reuters) - Gold edged lower on Friday, extending the previous session's 2.5 percent losses, as equity markets turned firmer, denting the metal's appeal as a haven.
But traders are largely staying on the sidelines ahead of key U.S. jobs data due later in the session.
Spot gold eased to $901.30/902.80 an ounce at 0944 GMT from $903.15 late in New York on Thursday.
The metal hit a two-week low on Thursday as a well-received statement from the G20 leaders' summit boosted hopes the economic slowdown may be bottoming out.
"Recent (economic) data has not been better, but it has been better than expected, so now people are talking about a slowdown of a slowdown," Commerzbank analyst Eugen Weinberg said.
"For quite some time people were too positive for gold, so it is not surprising we are under pressure."
