UBS believes gold’s recent dip is a buying opportunity, citing weak real rates and central-bank demand as reasons the yellow metal could head higher despite short-term correction.

The Japanese Yen retreats further from an over one-week high touched against a rebounding US Dollar earlier this Friday amid the uncertainty over the timing of the next interest rate hike by the Bank of Japan.

Australian Dollar declines against the US Dollar on Friday, extending its losses for the second successive session.