Our friends at GoldEssential.com, over in Belgium, got an early start on describing what is and what might be unfolding in Friday's market, and it went something like this: "Gold ticked up on Friday in early London dealings, after minimal consolidation the previous day, as the EUR/USD pair kept strong ahead of the U.S. Payrolls data later today and as the yellow metal continued to be supported by rumors of further central bank reserve diversification into gold, said Carl Johansson, Sr Precious Metals analyst at Goldessential.com A Financial Times report stating that the Sri Lankan central bank had been buying gold to diversify its currency reserves following unwanted volatility in the FX market was seen supporting gold, Johansson said. "While the absolute level of these purchases was rather limited at an estimated 5 tonnes, it again confirmed some of the rumors that have been driving gold higher earlier in the week following India's 200 tons gold purchase from the IMF" Johansson added. "Gold still has the opportunity to take a shot at the $1,100 an ounce mark, possibly later today", said Evelyne Winters at Goldessential. Full Article at International Business Times