Gold pares previous gains and retreats below $2,700 weighed by higher US yields.
The divergence between the Federal Reserve and the rest of the major central banks is supporting the USD.
XAU/USD is under growing negative pressure, aiming for $2,660. 
Gold (XAU/USD) is showing mild recovery from session lows at $2660, on Friday’s early American session. The US Dollar (USD) index is going through a significant reversal from two-week highs, which provides some support to Gold although the rising US Treasury yields are likely to keep buyers in check.US data released earlier this week showed a resilient US economy with inflation picking up. Donald Trump’s high tariffs for imports and restricted immigration are expected to lift consumer prices, forcing the Federal

Gold rally maintains its positive momentum intact fuelled by buying from China and safe-haven flows.

The US Dollar depreciates for the second consecutive day and approaches support at 0.8645.
The focus today is on the US PCE Prices Index but the highlight of the week is Friday’s NFP report.
A break of 0.8645 would confirm a double top at 0.8700.
The US Dollar is on the back foot on Thursday, with investors bracing for the release of October’s PCE Prices Index data. The USD/CHF is testing the support area at 0.8645 after being rejected at the 0.8700 area.The US PCE Prices Index is expected to show that inflationary pressures kept cooling at a gradual pace in October. If there are no surprises, these figures would endorse the idea of a 25 bps cut next week.

US Nonfarm Payrolls might accelerate US Dollar’s correction

The week’s highlight, however, is Friday’s NFP

Canadian Dollar gives away gains as USD bounces up following strong Retail Sales data. Investors’ concern that Middle East conflict might escalate provides additional support to the safe-haven US Dollar. Oil prices have depreciated nearly 3.5% from early April highs, adding negative pressure to CAD.