Gold fell in late trading on Thursday as investors digested the latest US jobless claims figures ahead of the November Non-Farm Payroll (NFP) report.
At 9.40am, gold was at $2,623.99, down 0.31% in early Asian trading on Friday.
The precious metal fell as US Treasury yields rose while the market is now cutting bets that the US Fed will cut its 25 basis point rate cut at its December meeting.
However, mixed US jobs data this week has raised doubts among investors about the Fed's decision.
The US Labor Department revealed that the latest jobless claims exceeded consensus and the Bureau of Economic Analysis announced that the US trade deficit narrowed in October.
Meanwhile, gold moved limitedly after Jerome Powell's speech on Wednesday, saying the economy remained strong and he felt the current position and monetary policy were moving in tandem. Powell also said that central banks need to be more cautious now that the Fed is now neutral.
For now, investors will be watching the release of November Non-Farm Payroll (NFP) figures and the University of Michigan Consumer Sentiment.
