Gold prices continued to drop on Friday as the U.S. dollar gained value against the yen amid signs of progress on the US-China trade talks and expectations of strong economic data from the U.S., Reuters reported.

Gold, however, was trading this morning above the 10-week low hit in the previous trading session.

Spot gold traded at $1,288.75 per ounce, down 0.3 percent. It hit a three-month low in the previous session as it traded at $1,280.59 an ounce.

US futures traded at $1,293.70 per ounce, down 0.1 percent

Meanwhile, positive payroll data from the U.S. is anticipated to be released today, giving the U.S. dollar a boost against its rival currencies, according to Reuters.

Source: Reuters