Bullion has maintained a lackluster price trend since Tuesday's trading, hovering around the $4,450 level as the US dollar pulled support amid the busy US jobs data release.
At 9.20am, gold was at $4,457, down 0.44% since it opened early Friday in Asian trading.
Latest data showed Challenger Job Cuts for December recorded a significant decline, as employers in the US announced 35,553 job cuts, down almost 50% compared to 71,321 in November.
Meanwhile, Initial Jobless Claims for the week ended January 3 rose to 208,000, but still better than market expectations of 210,000, although slightly higher than the previous reading of 200,000.
Following the data, the US Dollar (USD) strengthened, but its gains remained limited as investors took a cautious approach ahead of several important US events on Friday.
Among them is the release of the December Non-Farm Payrolls (NFP) report, with the market expecting the addition of around 60,000 new jobs, while the Unemployment Rate is forecast to rise to 4.5%.
The US is also scheduled to release the preliminary estimate of the Michigan Consumer Sentiment Index for January, which includes consumer inflation expectations.
In other developments, the US Supreme Court is expected to announce a decision on President Donald Trump's use of emergency powers to implement tariffs.
If the court rules against Trump, the US government could potentially face a refund claim of up to $150 billion, involving previously collected tariff levies.
