• Gold slips 0.24%, influenced by rising US Treasury yields, firm US Dollar.
• Mixed US economic data includes higher jobless claims and mixed housing data.
• Fed officials highlight ongoing inflation challenges and steady monetary policy stance.

Gold prices fell in the mid-North American session on Thursday, below $2,390, as US Treasury yields recovered and underpinned the Greenback. Wednesday’s inflation report in the United States sponsored the golden metal rally, but Thursday’s data was a mixed bag, which could likely trigger some profit-taking ahead of the weekend.

The XAU/USD trades at $2,381, down by 0.24%. Wall Street continued to trade at or near record highs, denting appetite for safe-haven assets like Gold. US economic data continued to drive Gold prices after the number of Americans filing for unemployment benefits rose above estimates but trailed the previous reading.

Other data showed that construction permits plunged, while Housing Starts increased in April compared to March but missed forecasts.

Recently, the May Philadelphia Fed Manufacturing Index dropped from 15.5 to 4, below forecasts, while Industrial Production in April remained unchanged.

Richmond Fed President Thomas Barkin acknowledged that inflation is decreasing but emphasized that it will "take more time" to reach the Fed’s target. Cleveland Fed President Loretta Mester expressed approval of the latest CPI data, noting that the current monetary policy stance is appropriate as the Fed continues to assess forthcoming economic data.