Gold prices moved in a narrow range on Friday, amid investor caution ahead of a G20 summit next week where leaders of the United States and China are set to try and resolve their trade dispute.
The precious metal was set to post a second straight weekly gain as an easing dollar made bullion cheaper for holders of other currencies.
Spot gold was down 0.1% at $1,224.34 U.S. per ounce early Friday morning, but about 0.2% firmer so far this week.
U.S. gold futures were 0.3% lower at $1,224.70 U.S. per ounce.
China President Xi Jinping is due to hold talks with U.S. President Donald Trump at the G20 meeting that starts on Nov. 30 in Argentina to reconcile their trade dispute.
The United States is poised to raise its tariffs to 25% on $200 billion of Chinese imports on Jan. 1 from 10% currently. Trump has also threatened to impose tariffs on all Chinese imports unless U.S. demands are addressed.
Gold is often used by investors as protection against political and financial uncertainty.
Among other precious metals, silver slipped 1.3% to $14.30 U.S. an ounce and platinum edged 0.2% lower to $842.40 U.S. per ounce.
Palladium dropped 0.6% to $1,146 U.S. an ounce. The metal was headed for its biggest weekly percentage decline since the week of July 20, down about 3% so far.
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