Gold prices rebounded on Friday as uncertainty surrounding the incoming Trump administration's policies lifted safe-haven appeal, even as a stronger-than-expected U.S. employment data reinforced expectations the Federal Reserve might not cut interest rates as aggressively this year.

Gold prices surged as uncertainty around U.S. policy under Trump boosted safe-haven demand, despite strong jobs data and rising yields.

Gold prices were set for their best week since mid-November as uncertainty around U.S. President-elect Donald Trump policies firmed demand for bullion, while investors awaited a key jobs report to assess the Federal Reserve's rate cut trajectory.