Gold in maximum 3 weeks, completing the growth of the second week in a row

LONDON (Reuters) - The price of gold on Friday has stabilized at three-week high against the dollar on the recovery and is ready to complete the growth of the second week in a row.

Gold gained nearly 2 percent this week after it failed to meet expectations data on new jobs in the United States have reduced the likelihood of the seemingly inevitable rise in interest rates of the Fed, although the data on applications for unemployment benefits on Thursday returned to investors confidence in the US labor market. [NL1N18Y23R] [nLNN9HEC1V]

Nervousness about the UK referendum on its membership in the EU June 23 can also support the price of gold over the next few weeks, analysts said.

"The market is no longer worried that the Fed will raise rates next week. Investors are worried because of the referendum, the UK, which is likely to contribute to an increase in demand for gold"- said a senior analyst at Danske Bank, Jens Pedersen.

This is confirmed by the fact that people in London are actively buying up precious bullion and coins to exit the case of Great Britain from the European Union. [NL8N1910QL]

Gold in 14.46 MSK traded at $ 1.266,81 per ounce, at a maximum since May 18, compared with $ 1.268,40 at the close of trading on Thursday, when it updated the maximum for three weeks at $ 1.271,31.

Futures in the US fell $ 2.8 to $ 1.269,90 per ounce.

"Unexpectedly weak data on workers locations in the US last week and the subsequent cautious tone (Fed chief Janet Yellen) opened the door for the resumption of the bullish cycle in the gold market"- said analyst Daniel Hynes ANZ.

Higher interest rates increase the opportunity cost of ownership is not interest-bearing bars.

The assets of the world's largest gold exchange-traded fund (ETF) SPDR Gold Trust on Thursday rose by 0.71 percent to 887.38 tons, the highest since October 2013.

Silver traded at $ 17.263 an ounce, compared with $ 17.28 for the close of trading on Thursday, platinum worth $ 993.58 compared to $ 998.50, and palladium - $ 550.03 versus $ 557.86.