The yellow metal commodity market moved lower and stopped its three-day consolidation rally as investors took profits ahead of the US Non-Farm Payrolls (NFP) report.
At 8.50 am, gold prices were at $2,904.58, down 0.21% since it opened in early trading on Friday in the Asian session.
Gold maintained its high position around the $2,900 level when capped by an initial rise in the US 10-year Treasury yield to a weekly high before paring gains to 4.286%.
Uncertainty has been engulfing financial markets, driven by controversial trade policies proposed by United States (US) President Donald Trump.
Tariffs imposed on US allies and foes have triggered retaliation by Canada and China.
Meanwhile, Mexico received a one-month tariff deferral until April 2, after Trump and Mexican President Claudia Sheinbaum discussed improving negotiations on fentanyl smuggling and illegal immigration.
In addition, the number of Americans filing for unemployment benefits fell below expectations, easing fears of a looming recession.
For now, investors will be eyeing the release of February's Non-farm Payrolls (NFP) figures with analysts projecting 160,000 jobs added to the workforce.
