Gold traded mostly flat in Asia on Thursday with investors on the sidelines ahead of nonfarm payrolls data at the end of the week that is expected to set the tone on the prospects of a near-term Fed hike.
The yen weakened in Asia on Monday, giving up earlier gains after a mixed data set on household spending, unemployment and disappointing retail sales. USD/JPY changed hands at 113.64, up 0.17%, while AUD/USD traded at 0.7549, up 0.05%.
The dollar nudged up against the euro and yen on Monday, after rebounding last week following a series of comments from U.S. Federal Reserve officials who supported the case for more interest rate hikes.
Oil prices rose in early Asian trade on Tuesday, adding to gains from the previous session after data showed U.S. crude inventories fell for the first time since January and as commodity prices broadly strengthened.
Spot gold steadied on Tuesday after falling for three days, but looked at risk of further weakness as the dollar edged up after a Federal Reserve official speculated the next U.S. rate rise could come as soon as April.
Elsewhere in metals trading, Copper for May delivery hit a daily high of $2.323 a pound, a level not seen since November 4, before giving back gains to end the week at $2.282, down 1.0 cent, or 0.44%.
U.S. oil futures touched new highs for 2016 on Friday, adding to strong gains the previous session as optimism grew that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices.
Gold prices gained in Asia on Friday with minutes from the Bank of Japan casting a shadow on easy monetary policies. On the Comex division of the New York Mercantile Exchange, gold for April delivery rose 0.17% to $1,267.00 a troy ounce.