Gold prices held mostly steady on Friday after rising nearly 1.5 percent in the previous session. The precious metal was little changed despite a slightly firmer dollar and a relief rally in global markets on optimism over a potential U.S.-China trade deal.
Spot gold was marginally lower at $1,235.44 per ounce after climbing to its highest level since Oct. 26 at $1,237.39 per ounce on Thursday. U.S. gold futures were up 0.1 percent at $1,237.2 per ounce.
U.S. President Donald Trump said he had a "long and very good" conversation with Chinese President Xi Jinping on trade and North Korea, and that the two planned to meet at the upcoming G-20 summit.
Xi said on CCTV state television that he hoped China and the United States would be able to promote a steady and healthy relationship, and that he was willing to meet with Trump in Argentina on the trade issue.
Traders also keep an eye on the U.S. jobs report for October due later in the day, with economists expecting employment to climb by 190,000 jobs in October after an increase of 134,000 jobs in September.
The jobless rate is expected to hold at 3.7 percent. It will be the final jobs report before next Tuesday's congressional elections.
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