Gold recovered its record losses to reach $3,320 again at the end of Thursday's trading from a daily low of $3,245 recorded in early trading.
The rebound came as the US dollar gave up its early gains after the legal block on US President Donald Trump's tariff policy.
At 9.40 am, the price of gold was at $3,313.36, down 0.16% since it opened in early trading on Friday in the Asian session.
The US Dollar Index (DXY) that measures the USD's position erased its positive position to 99.50 points, dragging investors' attraction towards gold.
On Wednesday, a New York federal court ruled that the US President had violated the constitutional limits of the International Emergency Economic Powers Act (IEEPA) in order to fulfill his tariff agenda.
The Manhattan-based court ordered the US administration to withdraw the import duties within ten days and the White House immediately appealed the decision.
In April, Trump announced retaliatory tariffs on all of his trading partners and additional duties on Canada, Mexico, and China for border violations and the flow of fentanyl into the US economy.
White House Counsel Kevin Hassett said he was confident that US courts would accept the appeal and overturn the latest tariff restrictions.
