The precious metal hit a high of $1213.27 an ounce, while currently trading around $1211.81 from the opening at $1210.65.
Now, the yellow metal is set for its fifth consecutive weekly drop as it has been under pressure after hawkish comments from Fed officials.
Investors will carefully watch the NFP data due later in the day, as it is mainly used by the Federal Reserve as a gauge to the health of the labor market.
Strong figures are likely to lower uncertainty whether the Fed would raise its borrowing cost this month or will wait until July’s meeting.
Gold is very sensitive to interest rate movements, especially by the Fed, since the yellow metal provides no interest to its holders and thereby benefits from the low interest rate environment
Private sector employment rose by 173,000 jobs last month, following a pace of job creation of 166,000 in April, according to the ADP report released on Thursday.
The NFP may show American employers created 159,000 jobs in May compared to 160,000 jobs a month earlier. Unemployment probably eased to 4.9 percent from 5.0 percent.
The dollar index inched up to 95.58 from the opening at 95.50, set for its first weekly drop in five weeks.
Most Asian shares rose on Friday, led by Chinese shares, which reported their best weekly gain since March.
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