Gold trading remained limited on Friday as the US 10-year treasury yield continued to rise further and the US dollar continued to strengthen.
In the Asian session, the yellow metal traded higher at $1,925 an ounce, after falling further at $1,913 an ounce during the New York session.
The FOMC meeting on Thursday has seen that the Federal Reserve (Fed) will raise interest rates one more time this year and keep them high for longer.
This has supported the 10-year US bond yield to rise to a new 16-year high of 4.50%, thus weakening demand for the golden yellow metal.
Non-yielding gold assets tend to fall if US bond yields rise.
The US dollar also remained firm at around six-month highs against major currencies despite a slight decline in the previous session due to mixed data.
Investors are now turning their attention to the Bank of Japan (BOJ) policy meeting and the publication of US, UK and European Zone manufacturing and services PMI data today.
