Gold slid lower on Friday after getting a slight initial boost from worse-than-expected U.S. jobs numbers in October.
Spot gold sunk 0.73 percent to $1,266.36 per ounce at 11:15 a.m. ET. It hit its highest in about two weeks, at $1,284.10, in Thursday's session.
The precious metal was down prior to the news that the U.S. economy added 261,000 jobs in October, below the 310,000 jobs expected. Gold floated upward after the report was initially released.
U.S. gold futures for December delivery fell 0.86 percent to $1,267.10.
The dollar rose against a basket of currencies on Friday as focus shifted to U.S. jobs data, with President Donald Trump's nomination of Federal Reserve Governor Jerome Powell to be the next Fed chair coming as no surprise.
The greenback had slipped on Thursday after Republicans in the U.S. House of Representatives released proposals to overhaul the tax code.
Asian share markets edged higher on Friday as investors gave a guarded reception to the plans for massive U.S. tax cuts, while welcoming the appointment of a centrist at the helm of the Fed.