Due to better than expected US employment data and Chinese manufacturing data
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Gold prices fell on Friday as better than expected US employment data and strong Chinese manufacturing data boosted confidence in high-risk assets.
Spot gold fell 0.3% to $1508.61 an ounce at 1832 GMT, with weekly gains expected.
US gold ended 0.2% lower at $1511.40 an ounce.
"At the moment, gold prices are under pressure from good economic news... It will be difficult to find a direction," said Mitsubishi analyst Jonathan Butler.
"For the time being, it's hard to see what the main upside factors are driving gold prices, apart from some geopolitical events, and the Fed will basically keep interest rates unchanged," Butler added.
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