Gold trading fell again on Friday after soaring higher during the New York market session following the resurgence of the US dollar weakened demand for the yellow metal.
Spot gold traded hovering around $ 1,893 per ounce after jumping 1% to a one-week high of $ 1,911 per ounce, while gold futures traded at $ 1,899 per ounce (11.35am Malaysian time).
Nevertheless, this precious metal has risen 1.8% this week, the biggest weekly percentage increase since the week ended August 7.
The dollar index rose 0.2% against most major currencies, making gold more expensive for other currency holders.
On Thursday, the U.S. House of Representatives approved a $ 2.2 trillion coronavirus stimulus plan proposed by Democrats.
However, the uncertainty that it will get Senate approval again suppressed sentiment after House Speaker Nancy Pelosi said there were still differences between the two parties due to national and state aid issues.
Investors will now turn their attention to the publication of NFP employment data tonight, in addition to following developments in negotiations on the US stimulus package.
