Gold reduced momentum in early Asia on Friday as dollar regained strength on the back of positive data from the US. The report showed US initial jobless claims fell to 233,000, a decrease of 17,000 from the previous week's revised level of to 250,000. The dollar index is seen around 103 mark and COMEX gold is holding at $2460.50 an ounce, down 0.11% on the day. The counter had gained around 2% in the previous session on safe haven demand amidst expectations of a US rate cut and Middle East tensions. However, the yellow metal is set for a weekly decline.