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                This article was written by Eamonn Sheridan at www.forexlive.com.

Gold prices rallied sharply during the North American session, above the $2,500 figure on Thursday, yet remain shy of their daily peak of $2,523 as traders booked profits ahead of first-tier United States (US) data.

USD/JPY extended its losses for the third consecutive day, hitting a four-week low of 142.85, yet traders lifted the pair, which closed Thursday's session with losses of 0.21%.

Gold prices rose in Malaysia on Thursday, according to data compiled by FXStreet.

On Thursday, the US Dollar Index (DXY), a measure of the USD against a basket of six currencies experienced volatility following the release of mixed economic data from the United States.

The AUD/USD pair traded in a tight range on Thursday but tallied daily gains after the USD was seen weak after mixed US data.

The NZD/USD continues consolidating around 0.6225 with bulls taking a breather but seeming to be gathering strength before their next upwards leg.

The Mexican Peso fell against the Greenback during the New York session, hitting a four-week low of 20.14.

The USD/CHF retreated late in the New York session, down 0.20%, as US jobs data revealed the labor market is cooling, which could warrant the Federal Reserve's (Fed) "aggressive" rate cuts.

The Dow Jones Industrial Average (DJIA) ground 400 points lower on Thursday, shedding weight for the second time this week after US jobs data came in below expectations.