Gold prices edged down on Friday to near their lowest levels this year, pressured by a firm U.S. dollar amid surging U.S. Treasury yields.
Spot gold was down about 0.1% at $1,289.35 U.S. per ounce, after hitting its lowest since Dec. 27 in the previous session at $1,285.41.
The metal was heading for its biggest weekly decline since early December.
U.S. gold futures for June delivery were 0.1% ower at $1,288.60 U.S. per ounce.
The dollar held near a five-month peak against a basket of currencies on Friday thanks to the benchmark U.S. Treasury yield topping a seven-year high.
A stronger greenback makes dollar-denominated gold more expensive for users of other currencies, while higher U.S. yields dampen the appeal of non-yielding bullion.
Spot gold still targets $1,302 U.S. per ounce as it has stabilized around a support at $1,287, according to one analyst
In other metals, silver was little changed at $16.43 U.S. an ounce.
Palladium rose 0.1% to $979.15, while platinum was 0.4% lower at $885.24 U.S. per ounce after hitting a five-month low at $879 on Thursday.
However, all three of those metals were heading for weekly losses.
