Khaberni - Gold retreated from its highest level in more than three weeks on Thursday, negatively affected by the rise of the dollar, while traders anticipate the resumption of American economic data issuance to predict the interest rate trajectory.
By 0203 GMT, spot gold fell 0.1 percent to $4194.63 an ounce after recording its highest level since October 21 in the previous session.
The American futures contracts for gold delivery in December fell 0.3 percent to $4199.30 an ounce.
The dollar index continued its gains against its rivals, making gold less appealing to holders of other currencies.
The U.S. House of Representatives took a procedural step towards ending the longest government shutdown in U.S. history yesterday, Wednesday.
The shutdown began on the first of October, halting the issuance of important economic data such as job and inflation reports.
Economic experts said that the U.S. Department of Labor's Bureau of Statistics should prioritize the issuance of job and inflation reports for November to provide updated information for Federal Reserve officials in their upcoming monetary policy meeting.
Last month, the council reduced interest rates by 25 basis points, but Chairman Jerome Powell indicated the need for caution before implementing another reduction this year, one reason being the lack of data.
According to 80 percent of the economists surveyed by Reuters, it is expected that the U.S. central bank will reduce its main interest rate by another 25 basis points next month to support the weak job market, a slight increase from a survey conducted last month.
Gold, which yields no return, thrives in an environment of low interest rates and during periods of economic uncertainty.
Gold prices have gained 60 percent since the beginning of the year, marking their highest ever levels at $4381.21 on October 20, supported by geopolitical and trade tensions and hopes of a U.S. interest rate cut.
For other precious metals, spot silver stabilized at $53.37 an ounce while platinum rose 0.1 percent to $1616.24, and palladium fell 0.6 percent to $1465.21.
