The yellow metal market recovered its losses, rising about 1.50% on renewed concerns about the trade war between the United States and China.
However, President Donald Trump maintained his stance on 145% tariffs on China.
At 9.30 am, gold prices were at $3,352.64, up 0.10% since it opened in early trading on Friday in the Asian session.
The mood on US Wall Street stocks moved positively as market participants were slightly relieved that Donald Trump was ready to open the door to negotiations with China, but Beijing demanded that they cancel all US tariffs or the talks would not take place.
Gold rose on support from falling US Treasury yields and the US Dollar Index (DXY) also felt the fall after hitting a four-day high.
Meanwhile, US economic data saw Initial Jobless Claims data that met estimates.
Fed officials' remarks also took center stage, with Cleveland Fed President Beth Hammack saying the Fed could act as soon as June if the data supports it.
Fed Governor Christopher Waller echoed the same tone, saying that while action in June remains on the table, a rate cut could be driven by a weakening labor market.
Still, traders expect the Fed funds rate to end at 3.45%, equivalent to 86 basis points of easing by the end of the year.
