Gold (XAU/USD) struggles below $4,100 on Friday after climbing to a two-week high of $4,146 the previous day. A rebound in the US Dollar (USD) weighs on the metal, with attention turning to the US Nonfarm Payrolls report due at 13:30 GMT.
Christopher Wong at OCBC sees Gold consolidating after reaching a two-week high above 4140. While rebounding oil prices and a steadier US Dollar limit gains, softer Treasury yields and Gold's resilience amid the equity selloff suggest renewed safe-haven appeal.
USD/CHF remains flat after recovering daily losses, trading around 0.8170 during Asian hours on Friday. The pair has pared its daily losses as the US Dollar (USD) gained support amid widespread market caution.