European stocks jumped after the rise of the Asian counterparts as Chinese stocks rose strongly stalled after Beijing suspended halt trading in the market mechanism and raised the price of the yuan for the first time in nine days.
And influenced concerns about the Chinese economy on the global stock markets prompted investors to turn to safe-haven assets this week, which contributed to gold big gains.
The price of gold fell one percent in spot transactions to $ 1097.30 an ounce ounce by 1053 GMT, to give up its gains after jumping to $ 1112 earlier in the session.
The decline in the price of gold in US futures contracts for February delivery of $ 9.90 to $ 1097.90 an ounce.
And it is often seen as the yellow metal as a hedge risk in cases of political and financial uncertainty like the other safe havens such as the yen and US Treasuries.
And turn attention to the jobs data in non-agricultural sectors in the United States issued later on Friday and anticipated by traders to guide them on the attitudes of the US interest rate policy.
If a strong jobs report came it could push the Federal Reserve (Fed) to raise interest rates at a faster pace. And rising interest rates could undermine demand for gold, which does not generate interest, while the dollar support.
Among other precious metals silver fell 1.9 percent to $ 14.02 an ounce, while platinum rose 0.3 percent to $ 876.30 an ounce and palladium rose 0.8 percent to $ 496.20 an ounce.