Gold prices recovered during European morning trade on Friday, climbing and leaving behind the one-week minimum, but the strengthening of the US dollar is expected to limit this growth of gold prices.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery rose 0.88% to $ 1083.00.
By the end of trading on Thursday, February contract fell 1.24% to $ 1073.60 per ounce.
Futures are likely to receive support at $ 1063.20, the low of January 4, and resistance at $ 1091.50, the high of Thursday.
Markets remain cautious after the price of Brent crude oil tumbled below $ 30 a barrel for the first time since 2004, under the pressure of global oversupply and concerns about a slowing Chinese economy.
On Friday, oil prices remained under pressure and were traded at $ 30.33 a barrel at the beginning of the European session.
Since the beginning of the year the price of gold rose more than 2%, as demand for safe assets has jumped amid falling global stock markets, concerns about the Chinese economy, and increased geopolitical tensions.
A drop in prices of the precious metal was limited after Thursday's US Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 8 rose 7000 to 284 000. Analysts had expected last week that the number of applications for unemployment benefits would fell 2000 to 275 000.
Silver futures for March delivery rose 0.71% to $ 13.845 a troy ounce, while copper futures for March delivery lost 0.51%, reaching $ 1.967 per pound.
At the end of this year the average gold price will be $ 970 per ounce, predict the Natixis analysts. Metal prices "are generally under the influence of the rate of increase in interest rates" by the Federal Reserve, is said in a report of the bank. Experts expect that silver this year will cost an average of $ 12.5 per ounce.