Gold remained resilient at its highest level after falling to a daily low of $2,735 amid high US Treasury yields.
US economic data showed the labor market recorded a decline and market participants continued to digest President Donald Trump's policy rhetoric.
At 9.50 am, gold prices were at $2,761.28, up 0.28% since it opened in early trading on Friday.
The famous yellow metal is seen as set to end the week with solid gains despite a slight decline on Thursday.
Data from the US Labor Department revealed that more Americans applied for unemployment benefits at the end of last week and gave a picture of a weakening labor force.
The report was due to the weather and fire tragedy in Los Angeles that said the employment sector had to be shut down.
