OANDA:XAUUSD   Gold Spot / U.S. Dollar
On the data front, 411,000 filed for initial jobless claims in the U.S. during the previous week as the labor market is steadily rebounding from COVID-19 thanks to a reopening economy. Forecasts predicted 380,000 claims, while 418,000 claims were filed during the previous week.
Investors now await the core personal consumption expenditure ( PCE ) price index, due later in the day, for further clues on rising inflation .
Across the Atlantic, the Bank of England handed down its policy decision on Thursday. The central bank said inflation would exceed 3% in the coming months, but expected that the surge will be transitory and would not impact the current stimulus policy.
In other precious metals, palladium inched down 0.1%, platinum climbed 0.5% and silver was steady at $25.87 per ounce.