Gold rose to a three-week high of 0.78%, boosted by President Donald Trump's remarks about the firing of Fed Chairman Jerome Powell despite the statement being denied.
At 9 am, gold prices were at $3,340.20, down 0.21% since it opened in early trading Thursday in the Asian session.
Recently, Bloomberg revealed that Donald Trump discussed possible GOP legislative measures at the White House on cryptocurrencies.
In addition, domestic political issues, data and current geopolitical developments are still pushing gold prices higher. Producer Price Index (PPI) data in the US fell below estimates but remained stable above the Federal Reserve's (Fed) target.
Geopolitically, Israeli strikes on Syria and a report of US consumer inflation have limited gold prices to remain stable around the $3,400 mark.
Physical gold demand remains difficult as India reported that its June import data fell 40% year-on-year, as prices have become more expensive.
Ahead of the week, traders will be watching the Fed speech, Retail Sales, employment data and the University of Michigan Consumer Sentiment report.
