The US currency increased significantly, while US stocks declined due to global unrest and concerns over earnings results.
Bullion is valued in US dollars, thus a higher dollar weighs on its price, which fell as much as 1.7%.
The asset has been affected by the Federal Reserve's relentless tightening throughout the year, leading to a 19% decline from its year-high in March.
The employment report released on Friday confirmed predictions that the US central bank will keep raising interest rates to combat inflation.
According to Rupert Rowling, a market analyst at Kinesis Money, "the result of these continually growing rates has been to make gold.
A less appealing commodity to own with its lack of income making other interest-paying assets like bonds more attractive in its stead."