It was the first positive week for the yellow metal after three prior weeks of losses that left buyers of the precious metal 8% poorer.
At press time, the U.S dollar index traded high by 0.4% to trade at 91.835 index points.
Brent crude is on track to post weekly gains for the eighth week after touching a 13-month high at the first trading session of the week.
At the close in NYSE, the Dow Jones Industrial Average added 1.46% to hit a new all-time high, and the NASDAQ Composite index declined 0.04%.
Recent price action suggests the precious metal is being battered by the resurge of the greenback,
Brent crude futures were up by more than 2%, trading at $70.84 a barrel in early Asian trade, the highest since Jan. 8, 2020
For the week, Brent crude gained 5.2%, rising for the 7th week in a row for the first time since December,
Gold futures were down 0.63% to trade around $1,690 an ounce. Gold prices dropped to their lowest since Jun. 8, 2020.
The fear of higher U.S. bond yields undermined riskier assets like U.S stocks and other global equities.
The British-based oil contract, Brent crude surged by 0.46%, to trade at $62.99 a barrel, up from four days of losses.