Gold slid 1 percent to test chart support at $1,150 an ounce as stronger dollar & upbeat U.S. data undermined prices.
The dollar rallied on Friday, helped by unexpectedly strong U.S. retail sales data and a slide in the yen to seven-year lows.
Asian bourses finished mixed on the last trading day of the week.
Stocks rose on Thursday, with benchmarks not far from all-time highs.
U.S. Treasurys declined on Thursday, with Wall Street stock index futures trending higher and Brent crude oil nearing 2010 lows.
U.S. stock index futures turned higher on Friday, ahead of October retail sales figures and the preliminary reading of Michigan's sentiment survey.
European shares closed higher on Thursday, even as a further fall in oil prices led to heavy selling in the energy sector.
Gold edged higher as a softer tone to the dollar helped support prices.
Brent crude oil fell to four-year low below $79 a barrel after Chinese data showed further slowdown in activity.
Dollar moved towards a seven-year high against the yen, driven by speculation that the Japanese Prime Minister will call a snap election.
Asian markets traded mixed on Thursday, with Tokyo continuing to outperform on speculations of a delayed sales tax hike and snap elections.
Stocks fell Wednesday as investors mulled the slowdown in Europe and earnings from retailers.
Wall Street stock index futures pointed to a higher start to trade on Thursday, ahead of jobs data and major retail earnings.
U.S. Treasurys gained on Wednesday morning, with longer-dated notes rising faster than shorter ones.
European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.
WTI crude closed at a three-year low, with prices under pressure from the growing oil glut created by the US shale boom.
Gold fell over 2 percent, nearly wiping out its previous session's rally, but signs of renewed buying interest in US futures could underpin prices.
Britain's pound slouched near recent 14-month lows against the dollar as investors pushed back rate-hike expectations to the fourth quarter of 2015.
Wednesday's trading session saw a mixed picture in Asia, with Tokyo shares stealing the limelight to finish at a 7-year high.
Wall Street looked set for a lower open to trade on Wednesday, ahead of a final burst of earnings for the third quarter.
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