Comex Market Updates -Gold steady below 13-month high as upbeat U.S. jobs support Fed hike Also Suggest it Comex tips Provider )

* Expectations for March rate trek still low, helping gold

* Hedge reserves cut bullish wagers in COMEX gold (Updates costs)

By Manolo Serapio Jr

MANILA, March 7 Gold steadied beneath a week ago's 13-month high on Monday, its late rally splashed by strong U.S. work information that supported desires that the Federal Reserve could raise loan costs this year.

Be that as it may, the Fed is unrealistic to lift rates when one week from now amid its strategy meeting, giving some backing to non-enthusiasm bearing gold.

Spot gold was up 0.2 percent at $1,262.05 an ounce by 0646 GMT. The metal crested at $1,279.60 on Friday, its most grounded since Feb. 3, 2015, yet then slipped on information demonstrating that U.S. nonfarm payrolls ascended by an estimate beating 242,000 a month ago.

The information additionally demonstrated that 30,000 more occupations were included December and January than already reported, facilitating fears the U.S. economy was heading into subsidence and refocusing consideration working on this issue for future rate treks.

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