Aug 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.42%.

* ALDI's UK DIVISION: The British arm of German discount supermarket Aldi has edged up its pay for over 28,000 hourly paid workers for the second time in two months, leapfrogging an increase by rival Lidl GB.

* OIL: Oil prices fell on Friday but are set for a weekly gain, caught between expectations of lower demand as the end of summer nears in the United States, the world's biggest consumer, and uncertainty about the availability of Russian supply.

* GOLD: Gold prices hovered on Friday near their highest point in more than one month, as an overall softer dollar and increased expectations for a U.S. Federal Reserve interest rate cut in September lifted demand for bullion.

* METALS: Copper prices edged higher across major exchanges this week, supported by rising investments in copper production as producers position themselves to meet rising demand from the global transition to cleaner energy technologies.

* FTSE: The UK blue-chip index .FTSE finished 0.4% lower on Thursday, with utilities and technology shares dragging on the main indexes, as investors assessed chip giant Nvidia's results.

* For more on the factors affecting European stocks, please click on: LIVE/

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(Compiled by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))