The gold price momentarily retook $1,100 per ounce on Friday afternoon, as poor US data weakened the dollar and provided precious metals with the impetus to move higher.
Spot gold was last at $1,095.00/1,095.80 per ounce, up $7.40 on the previous session, having earlier hit $1,103.50.
The yellow-metal turned higher as US employment cost index quarter-over-quarter in June came in at 0.2 percent, below the 0.6 percent and indicates a persisting slack in the labour market.
The dollar responded in a heavy selloff with the greenback last one percent softer at 1.1040 against the euro.
Silver also shot higher, temporarily hitting $15 per ounce, it was last up 12 cents at $14.82/14.87.
Platinum meanwhile was unchanged at $983/988, palladium was down $7 at $610/615 and rhodium was $70 softer at $695/775.
In data out of Japan this morning, household spending at -2 percent missed forecasts, as did the unemployment rate at 3.4 percent and Tokyo core CPI at -0.1 percent. The national core CPI was however up 0.1 percent.
In Europe, German retail sales fell short at -2.3 percent as did French consumer spending at 0.4 percent and the Italian unemployment rate at 12.7 percent. Eurozone core consumer inflation however at one percent was better than the forecasted 0.8 percent while the flash estimate at 0.2 percent was as expected.
(Additional reporting by Dalton Barker)
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