Gold fell in immediate transactions 0.6% to 1859.10 dollars an ounce by 08:28 GMT, retreating from the peak of nearly two weeks, which it reached on Thursday. For the week, it rose 1.8%, the biggest weekly gain since the week ending December 18.
US gold futures fell 0.3% to $ 1860.90.
And record 10-year US Treasury yields are holding above 1% helping the dollar rally.
US jobless claims fell modestly last week, but concerns about the effects of COVID-19 persist.
European Central Bank President Christine Lagarde hinted that the bank may not fully use its emergency procurement program for pandemic-related purchases if financial conditions remain favorable.
As for the other precious metals, silver fell 2% to $ 25.43 an ounce, but it is on track to record its best weekly performance in five weeks, up 2.9%.
Platinum fell 2% to $ 1104.20, but is heading for gains for the second week in a row, up 2.8%. Palladium fell 0.1% to $ 2,359.52.