Gold rebounded on Friday as the dollar eased slightly and worries about a sharp global economic slowdown after the European Central Bank (ECB) slashed growth outlook were aggravated by weak Chinese data, boosting demand for the safe-haven metal.
Spot gold rose 0.6% to $1,292.52 U.S. per ounce, while U.S. gold futures gained 0.5% to $1,292.90 U.S.
The dollar's decline and weaker equity markets have sent gold prices higher, she said, adding that a slowdown in growth and increased political uncertainties should keep prices supported.
The dollar index was down 0.2%, having hit a near three-month peak in the previous session after the ECB postponed an interest rate hike until 2020.
Asian stocks also shuddered lower after shockingly weak export data from China heightened market fears about global growth.
Investors are also focused on U.S.-China trade talks. U.S. President Donald Trump on Wednesday said that trade talks with China were moving along well and predicted either a "good deal" or no deal.
Elsewhere, palladium slipped 0.7% to $1,516.87 U.S. per ounce and was on track for its biggest weekly decline since the week ended Nov. 23.
Silver gained 0.5% to $15.09, after slipping to its lowest since late December in the previous session.
Platinum was up 0.3% at $815.58 U.S. per ounce, after touching its lowest since Feb. 19 at $806.50 U.S. earlier. It was down about 4.7% for the week, its biggest percentage decline since end November.
