Gold prices were back on track in early trading on Friday after declining in the previous session following a stronger US dollar and US 10-year bond yields.
At the time of writing, spot gold was trading slightly higher at around $1,972 per ounce, while gold futures were positive at $1,974 per ounce.
Earlier, after showing a surge in the Asian session, the yellow metal fell again during the New York session.
This follows better-than-expected US jobless claims data which has supported the US dollar to bounce back from its lows.
Not only that, the 10-year US treasury yield also showed an increase to be at a higher level at 3.84% in the Asian session today.
Following the data as well, investors are again looking at the possibility that the Federal Reserve (Fed) will continue to raise rates after the widely expected 25 basis point increase next week is higher after the release of the data.
Investors are now focused on next week's FOMC policy meeting and a follow-up statement from Chairman Jerome Powell.
