It's Golden Luck Towards the Weekend!

<p>&nbsp;Gold trading remained limited on Friday as the US 10-year treasury yield continued to rise further and the US dollar continued to strengthen.</p><p><br /></p><p>In the Asian session, the yellow metal traded higher at $1,925 an ounce, after falling further at $1,913 an ounce during the New York session.</p><p><br /></p><p>The FOMC meeting on Thursday has seen that the Federal Reserve (Fed) will raise interest rates one more time this year and keep them high for longer.</p><p><br /></p><p>This has supported the 10-year US bond yield to rise to a new 16-year high of 4.50%, thus weakening demand for the golden yellow metal.</p><p><br /></p><p><br /></p><p>Non-yielding gold assets tend to fall if US bond yields rise.</p><p><br /></p><p>The US dollar also remained firm at around six-month highs against major currencies despite a slight decline in the previous session due to mixed data.</p><p><br /></p><p>Investors are now turning their attention to the Bank of Japan (BOJ) policy meeting and the publication of US, UK and European Zone manufacturing and services PMI data today.</p>