Gold bounced back higher during Thursday's trading with a 0.67% gain after the US CPI report was published, assessed alongside a slightly affected component of the US jobs data.
However, 'hawkish' tones by Fed officials limited the progress of the yellow metal to fly higher.
At 9.50am, the price of gold was at $2,635.60, up 0.21% since it opened at the start of Friday's trade in the Asian session.
Higher-than-expected September inflation in the United States (US) was offset by employment data which announced that the unemployment figure was higher than forecast and this could reduce borrowing costs aggressively.
After the release of the latest data, the market expects the Fed to cut interest rates by 25 basis points at its November meeting.
The US economic table reported several Fed members gave their views on the next monetary policy. Chicago Fed President Austan Goolsbee said he sees gradual cuts throughout next year and the rest of this year as inflation nears the Fed's 2% goal.
New York Fed President John Williams said he expects more rate cuts as well as future adjustments to interest rates based on evolving data, economic outlook, and risks to achieve the Fed's goals.
For now, market participants will watch the release of the Producer Price Index (PPI) and consumer sentiment survey by the University of Michigan on Friday night.
