Gold prices looked to be largely unchanged on Friday as the U.S. dollar steadied ahead of key domestic economic data, but the shiny yellow metal remained on course for its first weekly gain in three.
Spot gold was nearly flat at $1,216.58 U.S. per ounce early Friday morning, but is up 0.3% for the week so far.
U.S. gold futures for August delivery fell 0.1% to $1,215.60 U.S. per ounce.
The dollar was also fairly against a group of comparable currencies early on Friday, as currency investors remained cautious ahead of U.S. inflation data due later in the session.
A stronger greenback would weigh on gold, making the dollar-priced commodity more expensive for investors holding other currencies.
Among other precious metals, silver prices dropped 0.4% to $15.60 U.S. per ounce.
Palladium advanced 0.4% to $855.49 U.S. per ounce, set to end the week almost 2% higher. Platinum rose 0.6% to $906.70 U.S. per ounce.
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