Gold again recorded a decline amid a modest greenback dollar rally ahead of weekend trading.
However, the precious metal is on track for its biggest weekly rise since late November, after jumping to a two-week high in previous trading sessions.
Before the European session began, gold traded down around $ 1,859 per ounce, with gold futures changing slightly to $ 1,858 per ounce (2.15pm Malaysian time).
The greenback dollar began to move slightly, recording a slight increase in US 10-year treasury yields and a decline in U.S. stock futures.
Investors seem to be starting to take profit after sending US stocks and major currencies soaring in the previous session following the official appointment of President Joe Biden on Wednesday.
President Joe Biden and his Congress-majority administration will launch a massive $ 1.9 trillion stimulus package to support the country's economy.
Gold, seen as a hedge against inflation and the devaluation of the currency, has also been in demand since Biden's official appointment before declining due to profit-taking by investors ahead of weekend trading.
